Should You Buy the Dip in Whole Foods Market?

Source: Whole Foods Market

Whole Foods Market (WFM) is down by almost 35% year to date as increased competition from both traditional retailers such as Wal-Mart (WMT -1.75%) and focused organics groceries like Sprouts Farmers Market (SFM 0.09%) is hurting the company's financial performance.

However, Whole Foods is still a market leader in an exciting category. The company enjoys solid competitive strengths and abundant opportunities for growth in the years ahead. From a long-term perspective, the lower the stock goes, the bigger the opportunity for investors.

The slideshow below contains some ideas for investors willing to explore Whole Foods, and the possibility of making an opportunistic purchase in this high-quality stock.