A couple of Whole Foods honchos bail
Some insiders at Whole Foods sold off some shares last week -- one guy almost completely cashing out.
| Posted at 8:17 AM | Permalink |
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Comments (4)
Interesting. I guess as the British say, WFMI must be planning on rectifying redundancies.
I'd think this would be a prime time for WFMI's competition to take a chunk of their business, maybe even with lower pricing.
Posted by Steve | December 12, 2007 8:52 AM
maybe even with lower pricing
Doesn't that already just about include everyone in the retail grocery business?
Posted by John Rettig | December 12, 2007 12:39 PM
You haven't visited Market of Choice, Zupans, or New Seasons. All are vying for the honors of matching or exceeding Whole Foods in pricing. We have all three within 10 minutes of our house, along with several Lamb's or Bale's Thriftways. Whole Foods doesn't seem so expensive when those are basically your only choices of convenient markets. The closest Fred Meyer is 35 minutes away; Winco is about the same distance. Lake Oswego doesn't allow "big box" stores so that eliminates anything qualifying as a large market, a Fred Meyer, Costco, Target or just about anything else. The only thing I get in LO are better schools, better streets, cheaper water and sewer and, believe it or not, lower property taxes. You make your choices and live with them.
Posted by mrfearless47 | December 13, 2007 8:26 AM
This stock is likely to consolidate at lower levels, as CNBC's Joe Kernan might say.
Posted by John Fairplay | December 13, 2007 6:28 PM