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.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
