United Natural Foods, Inc. (UNFI)
from Weiss Million Dollar Ratings Portfolio
Regardless of United Natural Foods (UNFI – Rated B)’s solid results and outlook, the stock pulled back recently in sympathy with peers in the natural foods distribution value chain. This created a buying opportunity in the shares. And I’m confident the firm can produce double-digit revenue and earnings growth in the medium term.
I’m not changing my price target on the stock ($78), and am using this move to take advantage of market fluctuations to reduce my cost basis in a favored name.
We are buying an additional $10,000 worth of United Natural Foods, Inc. (UNFI), currently rated B by Weiss Ratings, at the market.
Don Lucek, Weiss Million Dollar Ratings Portfolio, published by Money and Markets, a Division of Weiss Research, Inc., www.moneyandmarkets.com/services/trading-services/weiss-million-dollar-ratings-portfolio, issues@e.moneyandmarkets.com; 1-800-291-8545, August 22, 2014