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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (61520)	12/7/2018 12:24:44 PM
From: E_K_S	Read Replies (1) \| Respond to of 78704

I had a chance to review UNFI before the market opened and decided to start a position. Actually bought two times this AM (1) first Buy at $17.05/share and (2) 2nd Buy at $14.59/share. There is some good value in the remaining SVU assets and if UNFI can do that integration they discussed, then it should help w/ their margins too. Not sure if UNFI got the SVU warehouse facilities located in MN as Target was looking at these so maybe part of the UNFI plan is to sell the stuff they do not need and integrate what's left. Much cheaper to do that than buy new. Total position still small and part of my AG/Food basket which I want to expand. I suspect other food/AG companies trying to re-invent their production/services. FWIW, bought more DF adding another 20% to my losing position. It is now selling below 0.8x BV and even after their dividend cut, now yielding 2.5%. EKS

To: Paul Senior who wrote (61520)	12/11/2018 10:17:09 AM
From: E_K_S	Read Replies (1) \| Respond to of 78704

Amazon has committed to roughly $22 billion in future food purchases as it bulks up Whole Foods (March 2018 article) Amazon is now on the hook for an additional $22 billion in future purchase obligations following the Whole Foods acquisition, filings show.It's unusual for grocery retailers to agree to specific multi-year purchase obligations.Amazon is showing its commitment to growing its grocery business, accounting experts say 1/3 of UNFI's revenue comes from Whole Foods. The supply agreement runs through 2025.