Sysco’s Earnings

I’m on the road this week, so posting will be on the light side. There are a few things to mention. First, Sysco (SYY) reported earnings before the bell this morning. For their second-quarter, SYY earned 43 cents a share which was inline with forecasts. The stock is currently up a bit. For the most part, Sysco’s earnings are about as stable as they come. The longer I invest, the more I come to appreciate that.
I’m not a big fan of this stimulus package. I doubt it will do much good, and I really don’t see the need for it. This also helps explain why I’ve never been elected to anything.
I just finished The Misbehavior of Markets by Benoit Mandelbrot. It’s an interesting book. Mandelbrot asserts that much of the conventional understanding of the stock (EMH, CAPM) is completely and totally wrong. I think he’s right, although I’m a bit skeptical of any type of “fractal market analysis.” If I have time, I’ll go into it more detail.
And finally, meet Dirk Mueller, the new face of the stock market.

Posted by on January 28th, 2008 at 12:15 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.