Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	5/9/2001 2:18:01 PM
From: Michail Shadkin	of 6873

interesting article on WFMI on street.com On the Whole Foods(WFMI:Nasdaq) second-quarter conference call Monday, a money manager asked about a comment he thought CEO John Mackey had made during Whole Foods' previous conference call, during which he thought Mackey had blamed a fall in comparable-store sales on the "slowing economy." The caller also remembered Mackey saying something about cannibalization. Mackey's response: "I don't think we ever ... the lower comps experienced in first quarter I don't think we ever attributed to the economy." Instead, he said, Y2K-related comparisons were to blame. Oh, really?! This is directly from the transcript from Whole Foods' Feb. 13 first-quarter call, which is posted on its Web site: "We have revised our sales-growth guidance for the full fiscal year to 15% to 20% which reflects our new lower comp guidance of 5% to 7% for the remainder of the fiscal year. This lower comp guidance is due to expectations for a slowing economy and some expected cannibalization from stores opening over the remainder of the year." And guess what? There was not even an utterance in the script about Y2K! Why the discrepancy? Whole Foods apparently has a no-Greenberg policy; a spokeswoman didn't return my call. Too bad. I would've also asked them about comments on the call regarding the long-pending sale of its Amrion division. The company said nothing about the likelihood of a sale until prodded by a question during the conference call. Then the response was that a sale is imminent at prices higher than the company had expected. Which begs the question: If the Amrion situation is so rosy, why didn't you say so on your own?!

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