Another big difference is what these stocks trade for. While Whole Foods trades for more than 30 times earnings, the next highest among the group is Harris Teeter, which comes in at a little over 22 times earnings.
But I’ve said time and again that what Whole Foods represents is much more than just a grocery store. It represents a movement toward reawakening the relationship we have with the stuff that we put in our body. I don’t think this movement is a fad; it will be a sustained force for years to come.
Given that, I don’t think it’s too much to pay a high multiple to own a piece of the company. Take a look at where the company is today, compared to yesterday, and it seems like an even better deal.
|Feb. 13, 2013||Feb. 14, 2013|
If you’re a long-term investor — someone who can buy and hold a company for decades as long as a fundamental thesis remains true — then today could be a great entry point for ownership in Whole Foods.
The article Why I’m Not Worried About Whole Foods originally appeared on Fool.com and is written by Brian Stoffel.
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