Wednesday, July 30, 2014

Whole Foods Market inc. disappoints again

Whole Foods Market (ticker WFM) shares are clearly a mania in decline.  The big roll over began in Q4 2013 and hasn't looked back since.  They reported earnings today with re-re-lowered forward guidance (which is all that the forward looking stock market cares about).  WFM absolutely needs a strong upper middle class in order to survive.  Look how the shares plummeted to $5 into the bottom of the 2009 crash.  There is a reason for that.  In a deflationary catastrophe, WFM is toast and I don't mean of the expensive English muffin variety.

No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More