Aramark IPO offers mediocre food at scale

Whirly lollipop on orange background.

Aramark (ARMK) is one of the biggest providers of outsourced cafeteria style services in education, prisons and businesses. A large number of cafeterias are still self-operated which in a world of rampant outsourcing appears to be low hanging fruit for long-term future growth.

Despite some partnerships with chefs most of the food Aramark serves up every day is serviceable but nothing special. But they do it reliably at reasonable prices.

This is a big (270,000+ employees) and stable company growing at single digits - most recently up 4% YoY. Most of the growth story comes from improvements in . . .

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