Whole Foods Is Rotten
Last week, Whole Foods (WFM) reported December-quarter earnings per share of $0.78, in line with estimates. Management lowered fiscal 2013 (ends Sept. 28, 2013) guidance to between $2.83 and $2.87 per share, which compares with analyst expectations of $2.87.
The shares dropped sharply last Thursday and closed the week at $88.12. After the Presidents' Day break, the selloff continued. Whole Foods closed at $85.29 Wednesday, Feb. 20. The stock is now off 16.3% from its all-time high of $101.86, which was set last October....403 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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