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Another blow to the already beat down Whole Foods (WFMI)

Source: http://thestockmasters.com/WFMI-beat-down-081008.html
Posted on Sunday, August 10th, 2008 | In Current Market News, Market Commentary, Stocks to Watch
Contributed by: Ben Stevens (http://thestockmasters.com) -

Office Space - Beat DownWhole Foods Market, Inc. (NASDAQ:WFMI) stock already 40 cents away from a 52-week low takes yet another hit from an E. coli scare.  Trading should be fun come tomrrow morning, the question is: how low will WFMI shares fall?  Let the beat down begin.

THE ASSOCIATED PRESS: WASHINGTON — Whole Foods Market is recalling fresh ground beef sold between June 2 through Aug. 6 because the beef might be contaminated with E. coli bacteria.

The company has received reports that seven people in Massachusetts and two people in Pennsylvania who shopped at Whole Foods Market became ill, said spokeswoman Libba Letton.

Letton said the company’s recalled beef was processed at the Nebraska Beef plant linked to the E. coli outbreak this summer. Federal health authorities say there have been 49 confirmed illnesses tied to that outbreak.

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The recalled beef might have been sold at Whole Foods Market stores in Connecticut, Rhode Island, Maine, Massachusetts, Florida, New Jersey, New York, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, Washington D. C., Alabama, Georgia, North Carolina, South Carolina, Tennessee, Illinois, Michigan, Minnesota, Missouri, Nebraska, Wisconsin and Canada.

Shares of WFMI can’t catch a break and as we commented back on Aug 5th, Whole Foods (WFMI) hits new low After-Hours, things could get worse, and they did.

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About Ben Stevens (http://thestockmasters.com)
Ben Stevens previously ran the Stevens Stocks investing website. Ben's analysis and original reporting centers on events important to investors investing in the most active and popular stocks, mutual funds, ETF's, and bonds.

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