Jim Cramer Says Buy Whole Foods if Shares Move Lower
The big question around shares of Whole Foods is what is a reasonable price for investors to pay.
TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says the big question around shares of Whole Foods is what is a reasonable price for investors to pay for the shares given the lowered guidance the company delivered Wednesday evening. Cramer says investors should buy shares of Whole Foods at around the $49.50 level because he still believes in the long-term growth story and he says if the supermarket chain can get back to 7 percent comparable store sales numbers the shares could move up to $56.
At the time of publication, Cramer was long ___.
