Seeking Alpha
Profile| Send Message|
( followers)  

Eddy Elfenbein submits: I’ve been a bear on Whole Foods Market (WFMI) for some time, so Thursday’s earnings dud didn't come as a surprise.

I first warned about the stock in December 2005 when it was at $76 a share. Thanks to Thursday’s sell-off, the shares are down to about $41.

But! It could be a good buy soon. I’d consider paying $35 for WFMI.

WFMI 1-yr chart:

Click to Enlarge
WFMI

Source: Whole Foods' Earnings Bomb Could Provide Buying Opportunity