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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (19554)10/7/2004 3:10:22 AM
From: Paul Senior   of 78634
 
I keep looking at SYY and keep passing.

Big free cashflow numbers according to Yahoo. Company dominates the food distribution business, I am guessing.

P/book is small compared to stock price, and book value doesn't seem like it's growing much; dividend yield is small too.

So where's all their money going if it's not going out to shareholders (dividend) or back into the business (increase book value)? (D/e ratio doesn't seem to have improved much.) Some discovery required(?); I leave that to others. Stock just does not seem low enough at this point to attract me:

finance.yahoo.com

Competitor PFGC looks better on some measures (p/sales, p/book)

finance.yahoo.com
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