Posted on February 6, 2023
In grade school there was Mr. Kent, a man everybody knew had done time.
In high school there was Dean, a younger broomsweep, of whom it was rumored he was once a junkie.
However you slice it, the janitor will always be one of those people from whom children get a funny feeling.
And that’s what makes today’s trade such a beauty.
Aramark (NYSE:ARMK) pretty much does it all, providing the food, prep, cleanup, maintenance, groundskeeping and custodial services to institutional clients of every stripe.
Linens, towels and uniforms are also available.
So it’s easy to understand why such an agile and weighty outfit would find itself as one of Evil George Soros’ top holdings.
(Yep, it’s true. Look it up. Number six on his list, in fact.)
It also forms the basis of today’s 4900% trade—in potentia…
Yet, fundamentally, there are issues.
ARMK will release its Q1 numbers on February 7th. That’s tomorrow.
And we say they won’t be what the cheerleaders expect.
With kind regards,
Hugh L. O’Haynew