Jim Cramer’s Take on Sysco: Buy-Buy-Sell-Buy!!

If you ever think Jim Cramer just makes it up as he goes along, consider his opinions on Sysco (SYY). You can decide for yourself.
May 31: Buy. “BULL – that’s for me – the business is en fuego.” Closing price $37.16.
June 10: Buy. On June 10, Cramer said, “All the places it bring the food to are hitting 52 week highs and so is it.” This was followed by his bull icon. Closing price $37.00.
August 15: Buy. That morning, the company reported that its earnings were inline with estimates at 44 cents a share. That evening, Cramer had Sysco’s CEO Richard Schnieders as a guest on his show.

Finally, Cramer spoke with the CEO of Sysco via telephone. Cramer asked Richard Schnieders why rising fuel prices did not hurt the company’s fourth-quarter results, which the company reported on Monday morning. The CEO applauded his distributors and said that consumers are getting used to higher oil prices. Consumers are still eating out, the CEO said.
The food service distributor also said that its huge distribution centers allow the company to better service its customers, while also minimizing the impact that rising oil might otherwise have. Cramer, after listening to the company’s bullish presentation, said that he would do a “‘mon back” on the stock.

Closing price $34.80.
September 6: Sell. Closing price $32.97.
October 3: Buy. Closing price $31.77.
Update: Cramer’s 25 Rules of Investing; #21: Be a TV Critic.

Accept that what you hear on television is probably right, but no more than that.

Posted by on October 4th, 2005 at 3:28 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.