|Day's Range||76.14 - 76.80|
|52 Week Range||65.28 - 80.47|
|PE Ratio (TTM)||17.37|
|Dividend & Yield||2.04 (2.68%)|
|1y Target Est||N/A|
The future of the U.S. grocery industry took a dramatic turn on June 16 when Amazon.com announced its $13.7 billion offer to buy Whole Foods Market. Amazon (AMZN) exchanged approximately 3% of its enterprise value for Whole Foods Market (WFM), arguably the most credible brand in the grocery-store industry, a sector which represents approximately 20% of core consumer spending in the U.S. In the week that followed, the market value of Amazon increased by approximately $18 billion — more than compensating for the price tag of what was its largest acquisition to date. Over the same period, shares in Wal-Mart Stores (WMT) dropped 5%, Kroger (KR) tumbled 8%, Target (TGT) declined 9%, Costco (COST) slumped 13% and Supervalu (SVU) plunged a whopping 22%.
I've watched this chart for quite some time, defining the five complete dollar cycles over the past nearly 40 years, and the most recent bull cycle.
Hundreds of inventors have flocked to Walmart's headquarters in Bentonville to find out if the country needs a few more secret sauces, prettier mouse pads or "instant hair gel" packets for the ...