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MarketFoolery

MarketFoolery: 02.10.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 10 February 2011

⏱️ 14 minutes

🧾️ Download transcript

Summary

What's behind Whole Food's healthy earnings? Is Twitter really worth as much as Southwest Airlines? Is Sardar Biglari the next Warren Buffett? Should investors load up on Activision Blizzard?

Transcript

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0:00.0

It's Thursday, February 10th, and this is Market Fullry.

0:05.0

I'm Chris Hill and joining me in studio today from Motley Full Stock Advisor,

0:08.0

Jason Moser, from Hidden Gems, Charlie Travers, and from Motley Fool's Special Ops,

0:13.3

guys, good to see you.

0:14.3

Hey Chris.

0:15.3

On today's show, we've got Twitter's valuation,

0:18.0

Mr Biggs reverse split, and Activision's problems,

0:21.8

but we will kick things off with Whole Foods.

0:24.6

Charlie, I'll start with you,

0:25.6

shares up sharply today after the company reported strong earnings

0:29.4

and raised its outlook for the year.

0:31.4

What's going on with Whole Foods? Oh, like you say, Chris, the

0:33.7

stocks up 13 percent, so I asked to make Whole Foods shareholders a little bit

0:37.2

happy. I'm very happy. And so what I'm seeing is basically, as we go through this earning season is that companies like whole foods that cater to affluent Americans are doing quite well

0:48.1

In a case and point related to Whole Foods I was in there a few weeks ago looking for my breakfast beers and

0:53.8

I was looking into they were selling a a beer called Bell's Hop Slam which ran

0:58.6

about 20 bucks a six-pack and the guy stocking the shelves told me that they were selling these by the case

1:03.6

and they couldn't even keep them around. So you know the well-to-do Americans coming into

1:08.2

Whole Foods are clearly opening up their checkbooks and the company is benefiting

1:11.8

a lot. Same store sales for Whole Foods was up 9%

1:15.2

and they raised their guidance for the fiscal year. Jason, what did you think?

1:19.6

I've been to Whole Foods a few times and I mean I don't normally shop there but I'm

...

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