Posted:
#1
have you guys seen this story? The CEO of Whole Foods, John Mackey, has been on Yahoo Message boards for years touting WMFI and ripping OATS under a screen name alias. look at some of his posts:
John Mackey on Unions (via Yahoo message boards)
"For far too long they have portrayed themselves as champions of the working men and women against the greed and exploitation of business. I see unions quite differently: as bullies, liars, and parasites who create fear, anger, and mistrust in the workplace by pitting labor against capital in a perpetual adversarial conflict."
"For far too long they have portrayed themselves as champions of the working men and women against the greed and exploitation of business. I see unions quite differently: as bullies, liars, and parasites who create fear, anger, and mistrust in the workplace by pitting labor against capital in a perpetual adversarial conflict."
"It is true that I own quite a bit of Whole Foods Market stock and it is also true that I am wealthy."
Then, someone doubts him.
"RAHODEB you have claimed to be wealthy and own a lot of wfstock. Some people think they are wealthy and have alot of stock if they hold 500 shares of something. Since you brought it up why not tell us your real numbers. How much money do you have and how much wf stock? No one will ever know your real identity, so there's no chance of any kind of problem from disclosing. For some reason though, I don't think you will tell us. If that is the case, then you should never have brought it up."
Then,Mackey responds:
"I'm not willing to disclose my exact stockholdings or my net worth on this board. Seems to me that it is my own private business. Anyway, I'm not sure how anyone would know whether I was lying or not in any case? With that disclaimer I will say that I own more than a million dollars worth of Whole Foods stock (on paper). I've been a buy and hold investor of this stock since their IPO. From time to time I have added to my stock holdings of Whole Foods. I'm a customer also and I care a great deal about what happens with this company. If the unions successfully infect Whole Foods in very many of their stores with their parasitical class warfare nonsense, I feel certain that this company will go down the tubes, just like most union companies eventually do. Been following the United Airlines saga? The greed of those unions have sucked that company dry. Does the same fate lie in the future of Whole Foods? We shall see. One thing I'm certain about is that I won't let my investment in Whole Foods be destroyed by parasitical unions. If it goes too far I'll pay Uncle Sam his share and invest elsewhere. Capital is not the slave of Labor!"
Then, someone doubts him.
"RAHODEB you have claimed to be wealthy and own a lot of wfstock. Some people think they are wealthy and have alot of stock if they hold 500 shares of something. Since you brought it up why not tell us your real numbers. How much money do you have and how much wf stock? No one will ever know your real identity, so there's no chance of any kind of problem from disclosing. For some reason though, I don't think you will tell us. If that is the case, then you should never have brought it up."
Then,Mackey responds:
"I'm not willing to disclose my exact stockholdings or my net worth on this board. Seems to me that it is my own private business. Anyway, I'm not sure how anyone would know whether I was lying or not in any case? With that disclaimer I will say that I own more than a million dollars worth of Whole Foods stock (on paper). I've been a buy and hold investor of this stock since their IPO. From time to time I have added to my stock holdings of Whole Foods. I'm a customer also and I care a great deal about what happens with this company. If the unions successfully infect Whole Foods in very many of their stores with their parasitical class warfare nonsense, I feel certain that this company will go down the tubes, just like most union companies eventually do. Been following the United Airlines saga? The greed of those unions have sucked that company dry. Does the same fate lie in the future of Whole Foods? We shall see. One thing I'm certain about is that I won't let my investment in Whole Foods be destroyed by parasitical unions. If it goes too far I'll pay Uncle Sam his share and invest elsewhere. Capital is not the slave of Labor!"
his advice to shorts:
"My advice to you and all other shorts is to close out your position before Whole Foods announces their Q4 earnings in November. They've had double digit comps for 7 consecutive quarters and have made a habit of consistently underpromising and overdelivering. Unless you have some concrete evidence that this is about to change (and high gas prices isn't it!) you'll probably get the sh't kicked out of you when they announce. That is exactly what has happened to all your bretheren before you for 2 years now. Don't be so foolish to believe it isn't going to happen to you. Most likely it will. However, you can hold the short if you want to and learn the hard way. "
"My advice to you and all other shorts is to close out your position before Whole Foods announces their Q4 earnings in November. They've had double digit comps for 7 consecutive quarters and have made a habit of consistently underpromising and overdelivering. Unless you have some concrete evidence that this is about to change (and high gas prices isn't it!) you'll probably get the sh't kicked out of you when they announce. That is exactly what has happened to all your bretheren before you for 2 years now. Don't be so foolish to believe it isn't going to happen to you. Most likely it will. However, you can hold the short if you want to and learn the hard way. "
"runbill--yes the shorts have been bailing out of WFMI. Whole Foods is up about 140% since June of 2000, when they announced the merger of WholePeople.com into Gaiam.com. Since that date, the shorts have lost their shirts on Whole Foods!Will WFMI drift back down into the 30's? Who knows? Earnings for their Q1 will be coming out sometime in the middle of February. If the company once again announces strong comps and beats earnings estimates, we're more likely see the stock hit $50. Continue shorting at your own risk, runbill!"
How crazy is this. he's a freaking CEO!
Hot Forum Topics
