On this election day, apparently, I’ve decided to debunk a fake Hillary falling down a flight of stairs story, making fun of Billionaire Ackman’s arduous investment career, and toss Jim Cramer into a flaming barrel of garbage.
Here is Cramer this morning talking about how ‘frightening’ the Sysco conference call was, as it pertains to the restaurant industry.
But that’s simply untrue. The truth is, the restaurant business has been shitty for over a year now. Here is a cursory screen of the top 31 restaurant stocks in Exodus. Notice how weak the median revenue growth is and how the share prices have done virtually nothing.
And here is the only reference to a weak restaurant economy that I could find in the entire fucking call. I am 100% certain Cramer didn’t listen to the call and was merely given cliff notes by some idiot underling.
The company merely cited an ‘ebb’ in their restaurant business and said everything else looked great. They didn’t sound all that concerned. Thoughts?
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