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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread.
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To: Paul Senior who wrote (21)7/29/1999 11:13:00 PM
From: Wyätt Gwyön  Read Replies (1) of 194
 
I was surfing about and noticed remarks on Whole Foods. I live in Austin, where they are headquartered and where they were founded. Although I like the store and know a number of people who work there or who have worked there (for, of course, pathetically low wages in return for the freedom to have long greasy hair and one (only one) nose ring or ear ring or tongue ring...I forget the details), one of the things that has always turned me off about them is that, right here in their own back yard, they get their asses kicked day in and day out by HEB. HEB is a chain of supermarkets in Central and South Texas that is, as far as I know, still privately owned. In addition to running regular supermarkets, HEB has opened a number of high-end "Central Markets" that are basically like Whole Foods, but a little more yuppie-gourmet and a little less hippie like. They are also greatly favored by locals over Whole Foods stores, as far as I can tell. I don't know anything currently about WFMI's prospects as a stock; I am simply offering my perceptions as a local yokel. I just would never invest in a stock that can't hold a candle to a private company in its own back yard. I can say this, though: If HEB ever goes public (instead of getting bought out by Safeway like Randall's, a lower-quality supermarket from Houston, just did), I just might buy some grocery-store stock.
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