Sysco Corporation
SYY
pitch
long
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Thesis
Sysco is positioned to benefit from a once-in-a-lifetime industry consolidation opportunity due to its strong balance sheet and capacity to withstand significant declines in revenue. The company is expected to capture market share from under-capitalized competitors forced to exit the market as a result of COVID-19 impacts. The price target is $92, representing a 73% upside.
Did it work?
worked
confidence: high
The long thesis on Sysco has played out successfully, as the stock has increased by 82.7%, exceeding the projected price target of $92, which represented a 73% upside. The company's strong balance sheet and ability to capture market share from competitors during the industry consolidation have been validated over the elapsed time of 76 months.
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