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Non-Tech : Whole Foods Market (WFM) -- Ignore unavailable to you. Want to Upgrade?

To: Luce Wildebeest who wrote (194)	9/3/1998 4:09:00 PM
From: organicgerry	Read Replies (1) \| Respond to of 438

OATS is 45 percent off its high and WFMI is 41 percent off its high. Oats now has a P/E of 30 and profits are projected to grow 30 percent. WFMI now has a P/E of 26 and profits are projected to grow 25 percent. Prices for these stocks (and many others) got ahead of themselves, but it looks like all the "irrational exuberance" is gone now. I think the damage is done and these will be good stocks to hold now. Asia, Russia, and Latin America should have little effect on profitability for these companies. I am a long term investor going with the health megatrend and also own UNFI, TWLB, NTOL, and LTUS.