Cramer and Link Are Buying Whole Foods Market Below $50
Cramer and Link are concerned about competitors Sprouts Farmers Market, Fresh Market and Kroger, but Cramer says Whole Foods is just at the beginning of expanding to 1,000 stores.
TheStreet's Jim Cramer and Stephanie Link like Whole Foods Market now that the stock has pulled back under $50, despite shares peaking at more than $70 since 2007. Cramer says even though guidance was lower for stores open at least a year, it is still a better performer than everyone else except Chipotle. However, Cramer and Link are concerned about competitors Sprouts Farmers Market, Fresh Market, and Kroger, but Cramer says Whole Foods is just at the beginning of expanding to 1,000 stores.
At the time of publication, Cramer was long ___.
