Good morning and welcome to the Sysco's Third Quarter Fiscal 2014 Conference Call. As a reminder, today's call is being recorded.
Even without US Foods, Sysco's vast scale is advantageous as fixed costs plague industry profits.
But the US Foods deal would cement the food distributor's leading competitive edge.
LoneStar Restaurant Supply Still on the Rise and Announces a Promotion and a New Hire to Cultivate and Build New Market Position and Industry Relationships
Global $418 Billion Processed Poultry Meat Market 2017: Analysis & Trends 2014-2016 - Industry Forecast to 2025 - Research and Markets
These managers are great stewards of shareholders' money.
Our Ultimate Stock-Pickers Index continues to beat the market even as relatively few of our top managers are outperforming the S&P 500.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Morningstar StockInvestor editor Matt Coffina discusses recent additions to the Wide Moat Focus Index.