Zeev-WFMI Upgrade is Piggish !
(out of my put oin early August, thankfully)
S&P upgrades Whole Foods credit to 'investment grade' (WFMI) By Tomi Kilgore NEW YORK (CBS.MW) -- Standard & Poor's raised Whole Foods Markets' (WFMI) corporate credit rating to "BBB-", which is the firm's lowest investment grade rating, from "BB+," citing good profitability, stable revenue and solid credit measures. The outlook on the rating is "stable." Shares of the natural food grocery store chain were last trading up $1.09, or 1.3 percent, at $85.15. "The ratings are based on the company's strong business profile as the clear leader in the highly fragmented natural food retailing sector, with favorable growth fundamentals, consistent operating performance and credit measures in line with current ratings," said S&P credit analyst Stella Kapur.
Visit the stores- crowded, freebies at the end of every aisle, overpriced staples like milk, specialty items are 40% more expensive than comps at megamarkets, and really not better than Trader Joes- margins at 2% vs 1.9% LOUSY !