Earlier this month, Whole Foods Market 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.
What do you think? Is Whole Foods stock a buy at today's levels? Feel free to weigh in using the comments section below.
Here's another great stock pick for next year
Of course, Whole Foods also isn't the only stock poised for greatness. The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
The article Why I Just Bought More Whole Foods Stock originally appeared on Fool.com.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. Try any of our Foolish newsletter services free for 30 days. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.