EVEN THOUGH THEY ARE LOSING $$$ NOW WE CONTINUE TO SHOP THERE AND EAT THERE!!!

Whole Foods, which pioneered the supermarket concept in retailing natural and organic foods to become the world's No. 1 chain of its kind, suspended its 20-cent quarterly common payout on Tuesday after the market closed. That'll save some $112 million yearly. The company did, however, double its stock-buyback authorization to $200 million. Whole Foods had initiated dividends in January 2004 at a split-adjusted 7.5 cents a share. The upscale grocer also said profits in its third fiscal quarter (ended June 30) tumbled 31% from a year earlier, to $33.9 million, or 24 cents a share, dragged down by the tough economic environment and by costs and charges related to its acquisition of Wild Oats. Revenues, though, rose 22%, to $1.84 billion, with a gain of 2.6% in same-store sales. The average estimate of analysts polled by Thomson Reuters had been for the 28-year-old Texas company to earn 31 cents a share on revenues of $1.91 billion. Furthermore, Whole Foods reduced the number of stores it had planned to open in fiscal 2009 to around 15, from 25 to 30, and cut by 15% all discretionary capital expenditures not related to new stores.

From a recent Mad Money show:

"I've been negative for 20 points. I cannot get behind Whole Foods because it's still too expensive. At the $18 level, it might be a buy."

Karen Finerman suggests a pairs trade - long Kroger (KR) and short Whole Foods (WFMI).

7/9/2008 Yield: 3.52% PE: 21 PEG: 1.12

Cramer: Three Food Stocks With Upside Surprise: Jim Cramer cites why certain food-related stocks are bucking the downward trend.


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following it

Employees have gravity towards the performance of the companies

Buy Dean Foods? No Whey, Jose
Milk prices have been rising, so is it a good time to pick up shares of Dean Foods? David Peltier says don't cry over spilled milk, and certainly don't buy the debt-laden stock,

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Motley Fool

I like this as a short. Who wants to pay the xtra $$$ for Whole Foods?

Consumer weakness

Long struggle

Whole Paycheck Market

Overpriced.

lost 7K

though oats went through, too few area to grow into, with housing and stock issues here and getting worse $21/lb may see few takers

rip off artists and scammers

Mr. Mackey once changed a post I made to his blog and I lost a lot of money in the stock and they never have black Preserve soft toothbrushes.

they used to be king