Replies to post #463 on Whole Foods Markets (WFM)

[Nebuchadnezzar]

WFM has to crush earnings for this to get back over $40 so I am looking for lower entry price--$33-34, and i will take lower

from what i can gather--this stock is not done being punished.

WFM has a cult like following, much like AAPL, however, AAPL has very limited competition whereas WFM is starting to realize that they are no longer the only player in town, they might be top dog, but reality is starting to set in no matter how insane the "hipster" whole foods trend is.

people also forget that this stock split in half, so it can still lose another $5-8 in value before it is reasonably priced.

just look at KR---huge run up and lower multiple than WFM

[Nebuchadnezzar]

margins will likely continue to be under pressure

looking for $33-$35 entry point on earnings and selling calls at $40-42