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Whole Foods brings the world of natural and organic foods into the supermarket format.
I'm a horrible caps player in part because I've never rated some of my biggest winners. The recent pull-back gives me a chance to rectify that mistake with respect to Whole Foods. Yes, the stock looks expensive, but there are good reasons: superb management, excellent growth, and the highest margins in the grocery business. WFM is about one-third of its projected size in ten years. It's customers are loyal and the base is growing as organic and healthy foods become more popular. Use the express lane and buy this stock while it's cheap.
Meanwhile the stock has underperformed the market for about 7-8 months now. Had a nice little surge today, but I'm still on the sidelines watching. I do agree that, over the very long term, healthier food is going to be a big deal; I just don't know that Whole Foods is the right way to play it.
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