Back in February 2007, I posted this article about Whole Foods:
Stock Pick: Whole Foods Market Inc
I am once again recommending Whole Foods Market Inc (Nasdaq: WFM) for purchase. This company is a retailer that operates the largest U.S. based chain of natural and organic food supermarkets. WFM recently announced earnings that exceeded the Street's expectations. I have been following WFM for a while, and the recent price history of WFM is a bit rocky. The stock recent dropped as low as 36.08.
WFM stock price has begun to turn around, Whole Foods is a member of the Standard and Poors 500 index. Some of the reasons that I have picked WFM are because of the following:
- WFM has been consistently profitable for several years according to the S&P Stock Report. I do not generally recommend investing in unprofitable companies.
- WFM has a current dividend yield of 1.0%. I like to know that if the stock price stagnates, that I will still receive some income for having my money tied up.