Why I Just Bought More Whole Foods Stock

By Steve Symington – Nov 20, 2013 at 2:05PM

NASDAQ: WFM

Whole Foods Market, Inc.

Whole Foods Market stock may be suffering after the company issued disappointing guidance, but one Fool decided to use the pullback as a buying opportunity.

Earlier this month, Whole Foods Market (WFM) stock plunged 10% after the organic grocery chain reported solid fiscal fourth-quarter results but disappointed investors with weak forward guidance.

Shares have continued to tread downward since then, creating what the Fool's Steve Symington thinks is a fantastic buying opportunity for patient long-term investors.

After all, as Steve explains in the following video, the market presented a similar buying opportunity earlier this year, which panned out quite well for those willing to weather the downturn. As a result, he added to his existing position in Whole Foods stock last week.

To learn more about Whole Foods' current situation, please check out the video below to get Steve's full take.

Fool contributor Steve Symington owns shares of Whole Foods Market. The Motley Fool recommends The Fresh Market and Whole Foods Market. The Motley Fool owns shares of Whole Foods Market. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.