Biotech Values

[turtlepower]

WFMI -

WFMI reached its highest price in almost two years today (up 367% from the Nov 2008 low). John Mackey’s op-ed piece on healthcare does not appear to be a concern for investors. (Nor should it be a concern, for the reasons mentioned in #msg-40553109.)

Earnings come out in November for WFMI and then you can judge the impact of what he did. I also think you were wrong in msg 40553109. Clearly most of the shoppers that go to WFMI are strong liberals and some of them lack common sense just as strong right wingers lack common sense. Clearly based on what I've read online, some of them took the trouble to avoid WFMI and tried other stores. BTW there are plenty of other smaller stores with similar types of food. The reason people end up going to WFMI is probably the same reason people end up going to Starbucks instead of the cheaper Mcdonalds.

In any case my point wasn't that his article was incorrect. My point was that as a CEO his fiduciary duty was to shareholders. If the primary customer base of his business did not agree with his views and he knew it then he should not have voiced his opinion. Did he really think that people had common sense? He was mainly focusing on his personal views as a capitalist.

If he was running a publicly held firearms company frequented by strong rightwingers and happened to voice an opinion supporting abortion the chances are he would have lost a big bunch of his customer base.