Whole Foods Market has lost more than 50% of it's stock value year to date and the near future does not look brighter than the last months. There is plenty of sellers for WFMI, the stock will probably bounce further and then continue it's way to lower prices. I know that there is a lot of competition in groceries market, that margins are slim and that consumers have changed their buying habits in the last months but, my main motivation to have a negative rating on WFMI is the strength of the sellers all the way down from 50 to 18.
$18.44 (08/27/08)
