IMO consumers will cut back on eating out only so long, barring a depression. What they WILL do is trade down somewhat. The inconvenience and extra work involved in eating at home for two income families is high and the cost of a meal out is usually small. Everyone isn't going to lose their job.
Another way to participate in the restaurant rebond is Sysco (SYY). They are the dominant food wholesaler to the restaurant industry nationwide and sport a 4% dividend. See www.sysco.com
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IMO consumers will cut back on eating out only so long, barring a depression. What they WILL do is trade down somewhat. The inconvenience and extra work involved in eating at home for two income families is high and the cost of a meal out is usually small. Everyone isn't going to lose their job.
Dec 31 17:58 pm
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All Comments by jepittman »Restaurant Stocks on the Rebound [View article]
Another way to participate in the restaurant rebond is Sysco (SYY). They are the dominant food wholesaler to the restaurant industry nationwide and sport a 4% dividend. See www.sysco.com
Disclosure: Long SYY Since 1995