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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (165)	7/6/2021 4:44:59 PM
From: chowder	3 Recommendations Recommended By Menominee peterad Waitress Respond to of 21830

Re: Young Folk Portfolio ... Purchase. Today I added to the position in Sysco (SYY). The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. SYY owns the food service industry and nobody is even close in comparison. SYY has a $39.18B market cap and its closest competitor US Foods has a market cap of $8.36B. Covid damaged the restaurant industry greatly and with that SYY's numbers were down. They were only able to raise the divided by 4.44% but with the industry coming back I would expect business revenues to start growing and hopefully see SYY get its dividend growth rate back up in line with its historical growth number of 8%. Current yield 2.48%. A full position in this portfolio is $6,000 and SYY is now at $4,228 and is up 142.6%. Therefore this addition was primarily to bring a company up in size that has been performing well of us. I will continue to add to this position as I go along, I do want to see it at a full position at some point.