Barron's says Do not Bottom Fish Whole Foods Shares (WFMI)

11/7/2009-Barron's Tiernan Ray wrote a piece Friday entitled "Whole Foods' Unappetizing Outlook" discussing the high-end grocery store's earnings and its outlook saying that it's "stock is being slammed as high costs continue to eat into profits." Ray was most concerned with its outlook, saying that even though Whole Foods (NASDAQ:WFMI) says it has "turned the corner" after seeing same-store sales growth, he believes the outlook for growth in 2010 isn't what investors were hoping for. Ray added that the stock fell over 12% in Friday trading but, "if you're tempted to bottom fish, don't."

Write to Chip Brian at cbrian@tradethetrend.com

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