GSAT It is a OTC stock being listed on the NYSE this coming Monday.
Thanks everyone, some interesting ideas. I did notice the usual posters posted the negative responses and criticism I specifically asked them not to post. Tell me you people what is it like to live in your sad, serious, no wonderment world?? Do you ever experience things outside your comfort zone? Or is it so easy to be critical of others because it is the internet?
Thanks everyone, some interesting ideas. I did notice the usual posters posted the negative responses and criticism I specifically asked them not to post. Tell me you people what is it like to live in your sad, serious, no wonderment world?? Do you ever experience things outside your comfort zone? Or is it so easy to be critical of others because it is the internet?
With Walmart just announcing they are getting into the organic foods market in a big way, I would think that will put some serious price pressure on the likes of Whole Foods and drive the price and profit margins down.
I think the best days for WFM are behind us.
Kurt
WalMart shoppers are more price-conscious than health-conscious. I don't think Whole Foods has to worry about losing customers to WalMart. Trader Joe's is a more significant competitor.
Whole Foods Market (WFM) is down 14% after the market close today to the previously mentioned $41 support level due to an earnings disappointment. The beginning of the end or "buying opportunity"? Place your bets.
...
WFM wasn't interesting 2 weeks ago, but this sell-off may present a nice swing trade opportunity.
The company, based in Austin, Texas, has grown in popularity by positioning itself as a purveyor of wholesome foods. More recently, however, its dominance among the healthy-eating set has been challenged as traditional supermarkets, big-box stores and even online retailers step up their organic and natural offerings.
To appeal to a wider base of customers, Whole Foods Market Inc. has been trying to keep its prices down
In my peer group of upper-middle-class moms, ie. WFM target demo, many of them no longer even step foot into Wal-Mart, ...
Regarding Whole Food, or WFM. It might be good in the long term, but the timing right now is not good. A few weeks ago, the talking heads on Option Action recommended a Put on them and so far they are right. When the stock was at 55, I bought a 50 strike May put and it is doing well. The stock continues to trend down and crossed the 200 day moving average to go into bear territory. If you decide to buy, wait until it trends up. It might go as low as $41 a share, but it should find support there and maybe do well after that.