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December 16, 2008

SpeculatingStocks.com Stock Pick: Whole Foods Market, Inc. (WFMI)

Stock Price: $10.41


Whole Foods Market, Inc., together with its subsidiaries, engages in the ownership and operation of natural and organic foods supermarkets primarily in the United States. As of September 28, 2008, the company operated 275 stores.

WFMI has grown revenue the past three fiscal years from $5.60 billion in 2006 to $6.59 billion in 2007 to $7.95 billion in 2008. WFMI's net income for the last fiscal year came in at $114 million.

WFMI can be thought of as a recession proof stock and a company with stores that will only receive greater interest as interest in natural and organic foods continues to grow.

WFMI is trading slightly below its book value of $10.73 and has support around the $10.00 level. There is a major short interest of around 17% in WFMI shares. We could see a major short squeeze in WFMI shares in the future.


 
     
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