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To: Luce Wildebeest who wrote (171)8/4/1998 3:38:00 PM
From: organicgerry  Read Replies (1) | Respond to of 438
 
My guess:

70% probability: UNFI will hit $40 sometime in 1999.

25% probability: UNFI will hit $40 sometime in 2000

5% probability: UNFI will be below $40 through 2000 - (this would be a total surprise based on current information)

These numbers are based on Zacks prediction of $1.22 for fiscal year ended 7/99. At a p/e of 30 times past earnings, this gives a price of $36.60 as of 7/99 and a good probability of penetrating $40 by year end, 1999. Since UNFI had a 7% upside surprise this quarter, it could hit these numbers even faster.