I Don't Remember Why I Bought Whole Foods

But I am glad that I did. Whole Foods Market (Nasdaq: WFM) is up 7.48 (19%) for the past week, closing at 46.81.

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.

I firmly believe that WFM has reversed its downward direction, and that the worst is over for its stock price. So Whole Foods Market Inc (WFM) is now my latest stock pick.

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