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Whole Foods Market, Inc. Message Board

  • socal77go socal77go Oct 23, 2012 9:15 PM Flag

    Canary in the coal mine

    More like canaries in the coal mine, though CMG is the lead bird. Charts suggest this will test $84 but if it breaks through, look out below. At $442, Chipotle was trading at a PEG of 1.97x; now its PEG is 1.05x. WFM is trading at a PEG of 1.85x. If it misses on trailing or future earnings or revenues, and suffers a CMG-like reaction, a 1.05x PEG puts the stock at $55. I'm not suggesting a sell off of this degree will happen in a few weeks, but I wouldn't be surprised to see the stock with a '7' handle post earnings. Plus, look at where new store openings are. Hotspots like...Detroit...http://online.wsj.com/article/SB10001424052970203961204577269723768076382.html

    Sentiment: Strong Sell

 
WFM
36.40+0.32(+0.89%)Jul 31 4:00 PMEDT