Investment Thesis
As Sysco Corporation (SYY) has fallen over 30% due to the COVID-19 pandemic, an opportunity to invest in this leading foodservice distributor has been created. Despite severe headwinds, Sysco has the ability to survive the pandemic and continues to pay a 3% dividend. Not only can the company survive another downturn, they will likely emerge even stronger as they have taken market share from distressed distributors and permanently cut costs. Sysco is a best of breed foodservice distributor with significant competitive advantages and an exemplary management team. I believe SYY is