Whole Foods Market (WFM) Message Board

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Non-Tech : Whole Foods Market (WFM)

WFM 41.99

0.0%

Aug 29 5:00 PM EST

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To: Alan Rosen who wrote (202)	10/7/1998 4:14:00 PM
From: organicgerry	Read Replies (2) of 438

Frankly I think this sell-off is overdone. At some point, everyone will jump back into stocks and the market will fly up. This global stuff in Asia, Russia, Brazil, etc. will have little effects on earning for these firms. Everything seems driven by emotion (fear) now. Values are based on earnings and interest rates. Lower interest rates now support higher valuations. OATS is down 37% off its 52 week high of $38 and WFMI is down 47% off its 52 week high of $70. OATS P/E is now 36 and WFMI's is now 28. OATS higher growth rate has led to higher P/E ration, regardless I would agree that WFMI seems to be a better value at this time. What to do until the storm subsides? Go to OATS or WFMI and get some organic wine (or white willow bark/feverfew combination for headache).

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