Food Distributors

I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Display GDP grow per year to compare with Revenue Change
1. Sysco Corporation SYY	19,303	21,785	23,351	26,140	29,335	30,282	32,628	35,042	37,522	36,853	37,244	39,323	42,381	44,411	46,517	48,681	50,367	55,371	58,727	60,114	52,893
2. US Foods Holding Corp USFD										0				22,297	23,020	23,128	22,919	24,147	24,175	25,939
3. United Natural Foods, Inc UNFI	909	1,017	1,175	1,380	1,670	2,060	2,434	2,754	3,366	3,455	3,757	4,530	5,236	6,064	6,794	8,185	8,470	9,274	10,227	21,387	26,514
4. Performance Food Group Company PFGC	2,605	3,237	4,438	5,520	6,149	5,721	5,827	6,305	0	0					13,686	15,270	16,105	16,76216,762	17,620	19,744	25,086
5. SpartanNash Company SPTN	3,506	3,501	2,148	2,055	2,043	2,040	2,370	2,477	2,577	2,552	2,533	2,634	2,608	2,597	7,916	7,652	7,735	8,128	8,065	8,536
6. The Andersons, Inc ANDE	970	985	1,077	1,247	1,275	1,297	1,458	2,379	3,489	3,025	3,394	4,576	5,272	5,605	4,540	4,199	3,925	3,686	3,045	8,170
7. The Chefs' Warehouse, Inc CHEF										271	330	401	480	674	837	1,059	1,193	1,302	1,445	1,592
8. Colabor Group Inc COLFF							343	841	942	1,124	1,055	1,288	1,478	1,355	1,231	1,391	1,399	1,319	1,203	1,060
9. G. Willi-Food International Ltd WILC	31	29	28	31	40	36	45	65	92	80	98	69	77	97	84	313	294	312	338	396
10. Innovative Food Holdings, Inc IVFH										0	9.86	11.55	18.61	24	31	31	35	41	53	58
11. Sino Green Land Corporation SGLA								42	074	108	140
12. Green Leaf Innovations, Inc GRLF		0	5.13	11.14					1.2	0	0	0	0	0	0
13. Atlas Resources International, Inc ALSI	0	0.2	0.13	0

Revenue Growth	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Display GDP growth per year to compare with Revenue Change
1. Sysco Corporation SYY	1.13	1.13	1.07	1.12	1.12	1.03	1.08	1.07	1.07	0.98	1.01	1.06	1.08	1.05	1.05	1.05	1.03	1.1	1.06	1.02	0.88
2. US Foods Holding Corp USFD	INF	INF	1.03	1	0.99	1.05	1	1.07
3. United Natural Foods, Inc UNFI	1.12	1.12	1.16	1.17	1.21	1.23	1.18	1.13	1.22	1.03	1.09	1.21	1.16	1.16	1.12	1.2	1.03	1.09	1.1	2.09	1.24
4. Performance Food Group Company PFGC	1.24	1.24	1.37	1.24	1.11	0.93	1.02	1.08	0	NAN	INF	1.12	1.05	1.04	1	1.05	1.12	1.27
5. SpartanNash Company SPTN	1.15	1.15	1	0.61	0.96	0.99	1	1.16	1.04	1.04	0.99	0.99	1.04	0.99	1	3.05	0.97	1.01	1.05	0.99	1.06
6. The Andersons, Inc ANDE	1.01	1.01	1.09	1.16	1.02	1.02	1.12	1.63	1.47	0.87	1.12	1.35	1.15	1.06	0.81	0.92	0.93	0.94	0.83	2.68
7. The Chefs' Warehouse, Inc CHEF	1.22	1.22	1.21	1.2	1.4	1.24	1.27	1.13	1.09	1.11	1.1
8. Colabor Group Inc COLFF	2.45	2.45	1.12	1.19	0.94	1.22	1.15	0.92	0.91	1.13	1.01	0.94	0.91	0.88
9. G. Willi-Food International Ltd WILC	0.92	0.92	0.96	1.13	1.27	0.91	1.25	1.43	1.41	0.88	1.22	0.71	1.11	1.26	0.87	3.71	0.94	1.06	1.08	1.17
10. Innovative Food Holdings, Inc IVFH	INF	INF	1.17	1.61	1.26	1.31	1	1.15	1.17	1.28	1.09
11. Sino Green Land Corporation SGLA	0	0	INF	1.47	1.3
12. Green Leaf Innovations, Inc GRLF	5130	5130	2.17	0.11	0	NAN	NAN	NAN	NAN	INF
13. Atlas Resources International, Inc ALSI	INF	INF	0.67	0

Food Distributors

Revenue

Revenue Growth