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November 9, 2005

Whole Foods seizes the moment, Wed., Nov. 9, 2005, 10:29 AM

Earlier I made the comment that the typical defensive sectors (consumer staples and healthcare) are not exhibiting signs of defensiveness lately. They appear to be breaking down. Look at the Food Stores for example.

Actually, there is one stock from the Food Store list that just pops out, and I'm happy to say has recently made it onto the Cara Global Best 100 Companies list. It is the Whole Foods Markets (NDQ: WMFI).

Here is the ADVFN link to WFMI financial data.

WMFI is a little pricey right now (early Nov-05), as the interactive chart shows, but a bear market is like an ebbing tide, where all boats sink. Whole Foods, however, has a stock price that might defy gravity. We'll see.

In the case of some of the others in the Food Store group, e.g., Safeway and Krogers, I think that is clearly a problem in having to deal with Wal-Mart.

But with bird flu and other similar worries in a world seemingly intent on destroying its physical environment, the notion of natural and organic foods is being embraced into the lifestyles of increasing numbers of us. Whole Foods appears to have significant potential to seize the moment.

Posted by Posted by Bill Cara on November 9, 2005 10:30:11 AM | Category: 30 Consumer Staples

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