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Whole Foods Market slips after BB&T warns

  • Shares of Whole Foods Market (WFM -1.1%) trade weaker after BB&T issues a warning on the grocery store chain's profits.
  • The firm notes Whole Foods has cut prices in the Boston area where it generates close to 10% of its profits.
Comments (6)
  • fredj
    , contributor
    Comments (136) | Send Message
    Couldn't take the pain. Sold out at $51. Still had a 40% profit, but whatever.
    14 Apr, 11:29 AM Reply Like
  • Gary J
    , contributor
    Comments (3982) | Send Message
    It looks like some no name analyst can't move the needle.
    14 Apr, 12:51 PM Reply Like
  • dave403
    , contributor
    Comments (38) | Send Message
    no name maybe.... but i would say he is moving the needle.. down below $49......
    15 Apr, 12:46 PM Reply Like
  • Gary J
    , contributor
    Comments (3982) | Send Message
    wake up and smell the whole market
    15 Apr, 01:16 PM Reply Like
  • verdegast
    , contributor
    Comment (1) | Send Message
    Sold at $52.25 a few months ago after a nice profit. Bought back in yesterday at $48.35. Why does everyone keep sticking pins in this stock? They are a great company and the future growth looks amazing! Some Nervous Nellies ran for the hills when Wal-Mart announced they would carry that stupid Wild Oats brand. Big deal. Who cares? I don't see that many Whole Foods customers are going to stop shopping there and run off to Wal-Mart for one brand. I understand that slightly lower prices could affect the bottom line...but maybe eventually that will lead to more customers and more volume and more profits! This stock will be $75 in two years.
    16 Apr, 12:41 PM Reply Like
  • dweebster
    , contributor
    Comments (326) | Send Message
    This makes me laugh, to observe the cynicism, and ignorance of the short-timers who have an investment horizon of maybe a few months! Whole Foods won't be replaced on the American food scene, and the hassled shoppers of many, many mid-sized cities and smaller towns yearn for Whole Foods. These folks are trapped by conventional food marketing. At Whole Foods they would at last have confidence in the quality and freedom from corruption of what they are buying and get exactly the quantity they want. The "town market" approach pioneered by WFM (mirroring European open air markets) has been copied by Fresh Market, Trader Joe's (poorly) and others, but WFM is best of breed. Want to short a boring, mismanaged grocery company? Try Safeway (SWY). Oops, too late, Ha Ha jokes on you, short-timers. So long dirty fast money. Not sad to see you go, not a bit. For those of you are are serious, long term investors, not afraid of disruptive businesses, that are changing the American scene: get yourself a few shares of WFM at these give-away prices (as of April 17). May I add, that, the next best thing if you can't use WFM is to shop around the outside of most conventional stores. Fresh vegetables, dairy, meat, cheese. My remarks do not refer to posters in this column, by the way, just things I'm noticing in various places. All the best.
    17 Apr, 07:01 PM Reply Like
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