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Whole Foods looking tastier?

via BloggingStocks by Alex Salkever on 6/30/09

Filed under: Whole Foods Market (WFMI), Stocks to Buy

It was easy to discount a company dedicated to selling high-end groceries in the midst of a terrible global downturn. And Whole Foods (NASDAQ: WFMI) has indeed suffered from investor fears. Shares of the company fell from year-ago levels of about $22 per share to lows of near $8 per share in the dark days of December 2008. They have since rebounded to the $22 level on green shoots speculation. On Monday, however, they tumbled again to $18.80. Is it time to buy?

That's a tricky question. First, the positives. Whole Foods is a well-managed grocery chain. It has been extremely disciplined in its expansion push, choosing good locations. It has also overcome relatively low revenues per employee by posting higher margins on items and much higher average cash register rings.

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Whole Foods looking tastier? originally appeared on BloggingStocks on Tue, 30 Jun 2009 11:00:00 EST. Please see our terms for use of feeds.

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