On CNBC this morning it was announced that Whole Foods Market (WFMI) had been removed from some sort of very reputable preferred stock watch list. Being from Austin and loving Whole Foods both as a consumer and investor I just had to open a chart: link. Interestingly a daily chart reveals that WFMI was trading around $53 just last October and it is now around $28. A weekly chart reveals that in December 2005 WFMI was trading just under $80 per share. Doesn’t it seem like a better time to remove Whole Foods from a recommended list would have before it reached $28? It is great to get ideas from other sources, but always do your own homework, and be knowledgeable enough to know how to do your homework.
Investing isn’t only about selecting stocks. It’s more about oversight of financial management, but whatever you are responsible for, either directly or indirectly, know enough to do it with confidence.
I do not currently own Whole Foods Market but I have owned it in the past. I think I will keep an eye on it now:)