Chef's Warehouse (CHEF)

[UpTickMeA$AP]

Looks like the business meal tax break is included in the new stimulus deal, and will last two years. This is a huge incentive that will help restaurants greatly.

Totaling tax breaks — The legislation allows businesses to deduct expenses associated with their forgiven PPP loans, in addition to expanding the employee retention credit intended to prevent layoffs. It includes a two-year tax break for business meals — a priority for President Donald Trump — and rolls over a variety of temporary tax breaks known as “extenders,” some for multiple years. The package also extends a payroll tax subsidy for employers offering workers paid sick leave and boosts the Earned Income Tax Credit.

https://www.politico.com/news/2020/12/20/details-stimulus-package-omnibus-bill-449499


Trump talks deductibility at 2:25. I THINK that's what is what they are talking in the new stimulus.

Vaccines rolling out, incentives to super charge restaurants traffic, a couple months to get things open, and numbers should start getting back to normal and better.

Strong liquidity held through the pandemic shows this company could really do some growing in the future.

Looking very good!