SuperMarketNews.com reported that stock in Whole Foods Market was up more than 22% Thursday (1/8/09) after funds associated with Ron Burkle’s Yucaipa Cos. revealed they had acquired 7% of the retailer on the open market.
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Significantly undervalued by the public markets according to many industry insiders, this investment certainly shows the confidence of a veteran retail investor in Whole Foods business model.
Whether or not Yucaipa's entry will sustain the ~20% bump in share price on the long term remains to be seen.
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