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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

2/14/13

Whole Foods Market Inc. (WFM)

Whole Food's shares are rotting away today, down 9.96% at $87.25. The organic supermarket chain saw its shares fall after management released their 2013 outlook. Whole Foods now expects revenue to climb around 10 percent for 2013, down from its previous view of 12 percent. The company also expects revenue of $12.87-$12.99 billion; analysts were estimating revenue of $13.2 billion for the year. Finally, management feels that EPS will still be around their previous forecast of $2.83-$2.87. Wall Street expected the company to have an EPS 0f $2.90. Whole Foods is holding up above its 52-week low of $79.58.

H.J. Heinz Company (HNZ)

Heinz company exploded out of the bottle today, up 19.84% at $72.48. The food product company (known for its ketchup) saw its shares skyrocket after news that Berkshire Hathaway and 3G Capital offered to buy the company. In the deal, Heinz was offered to be purchased and taken private in an all cash deal for $72.50 per share or $23.2 billion. The offer represents a 19 percent premium to Heinz's all-time high. 3G Capital stated that the deal allows the company to continue its ambition to be in the food industry, and Berkshire Hathaway stated that the deal will allow it to continue its hunt for optimum growth. Heinz set a new 52-week high by $11.30.
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