Whole Foods' (NASDAQ: WFM) stock has taken a dip after the company reported quarterly earnings that disappointed some investors. Does that mean that we can finally pick up shares of this stellar business on the cheap?
In the video below, Fool contributor Demitrios Kalogeropoulos says no, arguing that Whole Foods is still too expensive for his tastes -- particularly when measured against another growing grocer, Kroger (NYSE: KR). So, while he's a fan of Whole Foods' business, Demitrios says he'll be watching for a more attractive purchase price before jumping into shares.
Waiting can pay
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love.