|Last Price$46.26||Day Change (%)-0.32%|
|Open Price$46.21||Day Change ($)-0.15|
|Day Range46.16–46.62||52-Week Range35.45–47.24|
As of Thu 4/28/2016 5:28:00 PM | USD
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.
UPDATE: Broadening sector participation -2-
UPDATE: Broadening sector participation signals bull trend has room to run
But the US Foods deal would cement the food distributor's leading competitive edge.
Our Ultimate Stock-Pickers Index continues to beat the market even as relatively few of our top managers are outperforming the S&P 500.
These managers are great stewards of shareholders' money.
With roughly two thirds of this sector enjoying a narrow or wide economic moat, we continue to find pockets of opportunity when short-term concerns outweigh our forecasted long-term growth trajectories.
Morningstar's Josh Peters shares his strategies for assessing company-specific and macro-related risks when constructing a dividend portfolio.