One thing you'll need to understand is that people who shop at Whole Foods aren't pinching pennies. They have a lot more pennies than the average person. This segment of the population is typically not affected by recessions. They are always making money.
wfmi is about a 12 to 15 dollar stock.
wfmi also is in debt trouble and it could
drop even to 10 or below before summer.
This will never be another 50 to 75 dollar
stock or company.
When it starts dropping sharply,the sell off
will create a panic within the company and they will possibly start selling some assets to saty afloat. This is a dog.
Actually, the latest quarterly retail data was quite strong, bucking the trend of many, many other retailers. The evidence shows that revenues at Whole Foods have yet to react to the recession. Whole Foods only shows a lower profit because it invested heavily in remodeling its 40 new stores. Remodeling is a one-time charge aimed at permanently increasing revenues in the future, which has been the Whole Foods track record.
"wfmi also is in debt trouble" . . . "When it starts dropping sharply,the sell off will create a panic within the company".
Um, these claims aren't based on any publicly known information, but that sure didn't stop you. Have you considered getting into the "Cigarettes don't cause lung cancer" lobbying business? Altria pays good money for an uncommon quality found in certain people.
Don't knock the newspaper or Honolulu. The best bank in America is headquartered right here in Hawaii, i.e., the Bank of Hawaii. Better than WFC, C, WM, BAC, etc. I have dealt with all the other clown banks. As far as WFMI is concerned, I have my own target buy-in price. I would not be looking if the company were not worth owning. Have to check out the WF store in Honolulu. The natives are restless.
No, but that was just an example. The core WFM will stick around to shop for the most part, but as this economy continues to crumble, part-time and periphery shoppers will find less expensive alternatives to WFM. Do you think in this economic climate WFM will attract and retain new customers?