When we first wrote about Whole Foods (NASDAQ:WFM) in late August last year, the stock was pricing in at the mid-30s. We wrote that we believed the stock had considerable upside to the 50-60 range over the next twelve months. Six months later, we are seeing our pricing already achieved. The question now is whether there are any more legs in this one moving forward or has all the value that we saw then evaporated. The stock at that time was at 25 P/E. Today, it is at nearly 35. The stock has jumped 42% in six months, so where now? In today's article, we want to take a fresh look at some of the issues we reported on in our original article as well as update our pricing model given some of the latest news. Read more