For the love of robes and slippers, why the hell is Whole Foods losing their edge? The stock is trading 40% lower year-to-date and share price lurched down 6% more after crappy earnings.
Like all the cool companies who report disappointing earnings, they also initiated a share repurchase program. Who is the salesman going around cajoling all these corporations into doing one of these deals?
Wall Street is not reacting positively to these buybacks anymore therefore they suck and are a waste of resources.
The hip vibe behind this company is gone. You can toss them in the bin with the other grocery stores where morale is low and turnover is high. Employees are like Gouda cheese—you get a new batch about every week.
We still have dirt floor markets here in the murder mitten. And if I wake up early enough I can go downtown and compete with the Whole Food buyers for crates of papaya. I’ve got 3 markets within 5 minutes of my house and all of them carry my $8/gallon milk and free ranged chicken meats.
Maybe Whole Foods can find a way to separate themselves from the competition again, but the outlook is grim.
You think I am messing with you? Look, the market no longer bestows a premium valuation on the name. It is just another grocery store. Game over, you lose, you get nothing, good day:
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Good article – actually to add a very clear and distinct point – it doesn’t help that Whole Foods got caught systematically cheating consumers. LOL
No joke, the other day in a WFM people were comparing how orgainc the ingredients were in 2 different bags of chips.
I wonder how much they may be losing out to the likes of FreshDirect and other grocery delivery services in urban areas as well
As far as competition, look up FWM. One of the more spectacular IPO implosions. That just surprised me… so maybe not as much the competition as the whole sector having a tough time
mk,
WFM is also trading at Dec 2015 levels – what a joke. At this rate we should probably go down to the mid teens. I looked up FWM it just sucks LOL. I think these are red flashing signs on what is yet to come to the equity markets soon. Maybe as soon as this Friday! Trade safe!
mk,
WFM is also trading at Dec 2005 levels – what a joke. At this rate we should probably go down to the mid teens. I looked up FWM it just sucks LOL. I think these are red flashing signs on what is yet to come to the equity markets soon. Maybe as soon as this Friday! Trade safe!