Why Sysco Is a Retiree's Dream Stock
The COVID-19 pandemic has revealed a major hole in Sysco's (NYSE: SYY) otherwise-solid business model -- a model that has served it and its shareholders well for decades.
The company caterers to the foodservice industry, selling foods and other products to restaurants, educational institutions, and hospitality businesses; as such, Sysco was knocked back on its heels when the coronavirus forced virtually all of those outlets to shut down. That resulted in the stock losing half of its value in a span of weeks. And yet, this company still has the potential to be a dream stock for retirees.
Image source: Sysco.
Source Fool.com
