My UNFI Investment Disaster
UNFI stock $UNFI crashed in March after terrible earnings. In fact, this is the second earnings in a row that UNFI is crashing. The management has also lowered the expectations for 2023. What went wrong with UNFI?
Inflation was a catalyst for the company, and it is now decelerating. The management had underestimated the effects of inflation on the margins. Besides, with lower economic activities, there are potential headwinds ahead.
The fundamentals of the company have changed as I also underestimated the effects of inflation. I will say that UNFI is now fairly valued. I have lowered my position.