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Zecco.com » General Investing » Screening & Picking » Whole Foods (WFMI)
Last post 05-22-2008, 1:06 AM by otavio. 4 replies.
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  •  05-15-2008, 1:20 PM 29146

    Whole Foods (WFMI)

    Reply Quote
    In ZeccoShare, it looks like everyone's getting into Whole Foods.  For people sharing their portfolios, it was one of the most traded symbols yesterday (5/14), with everyone buying it.  You can check out the trends here: http://www.zecco.com/

    What does everyone think? Does the current 52-week low indicate a time to buy?  Or worse times ahead?
    tonyleachsf, Zecco Associate

  •  05-15-2008, 2:39 PM 29153 in reply to 29146

    Re: Whole Foods (WFMI)

    Reply Quote
    WFMI is selling at twice the PE as its peers, with an ever increasing negative forward growth. There is still a lot of downside left I think before this thing starts to turn itself around... if it ever can.

    Another thing to consider is that, every supermarket, around me anyway, has a WholeFoods-like section. Wholefoods was great once because it was unique. But no longer.

    I personally would stay away.

  •  05-21-2008, 1:54 AM 29479 in reply to 29146

    Re: Whole Foods (WFMI)

    Reply Quote

    it's on a downward trend since 2005.

    if the trend is your friend then avoid this stock.

     

  •  05-21-2008, 2:11 AM 29480 in reply to 29479

    Re: Whole Foods (WFMI)

    Reply Quote
    With the recession and everything, people are trading down.  People are not going to pay the preimum price for organic produce when  a Safeway or Trader Joes is offering them for lower price.

  •  05-22-2008, 1:06 AM 29556 in reply to 29480

    Re: Whole Foods (WFMI)

    Reply Quote

    Well with everyone bashing on WFMI I have to say something

    Whole Foods is not about the price, it's about the quality, and the luxury. Keep in mind that Whole Foods picks locations that specifically target upper class people who have lots of disposable income to treat themselves to high-priced organic luxuries. Nice neighborhoods near Bel Air, Santa Monica, Palo Alto, etc. I agree that the economic downturn has affected them, like almost every other business out there, but for those who shopped at Whole Foods regularly before this turmoil, there is probably no reason for them to stop because they're not exactly suffering.
    Also, if you've EVER really taken $20 bucks outta your pocket to go splurge at whole foods, you will quickly realize that most of their stuff is actually quite superior than any regular supermarket, including Trader Joe's for all purposes. They have a ridiculous variety of seafood, super fresh produce, amazing fruits that cost an arm and a leg but are delicious, and an award-winning wine section. They also do carry a lot of products that other supermarkets don't.

    Check it out, the other day I was buying a sandwich there and saw a lady buying an entire cart full of some special ionized water, probably about $50 worth of water in there which I could get at Costco for $10.99. Does it matter? Whole Foods makes money.

     

    They just bought Wild Oats. Give them some time.
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