2008 est .94cents puts P/E at 20! using $19 p/s stock price.
2009 est of 1.11 per share puts P/E at 17, using aftermarket stock price of $19.
Ok, so I wonder if there 2009 estimates includes a continued increase in or eleveated price in oil, does it assume increase in food costs? Or increased legal costs to buy OATS--battle the appeal.
Industry P/E is just below 15. Even if they can meet next years goals--doubtful, a 15 p/e would put the stock price at 16.65. WFMI has been afforded higher p/e because of large growth rates, well, growth rates have slowed, and it is more than just the economy...? or is it...? I'm not going to pay a premium to find out...sell this dog.
I would not buy this stock, I would sell, and wait and see, no need to rush into this, sorry Mackey.