Our first two companies to analyze in "Consumer Foodstuffs" Week are Costco Wholesale (COST) and The Fresh Market (TFM). Costco, a bulk shopping / wholesale company was established in 1983; the current CEO is W. Jelinek. The stock price Sunday was $100.16 (we bought ten shares at $100.63) and closed today at $100.51. Since going public, this company has shown consistent growth, except for an unstable period between 2000 and 2008. Looking at All-Time price variations, Costco seems to be on the right track to keep growing. The mid-September gender bias case caused a hiatus in growth and stock prices are now decreasing, especially since September 25th. We advise not to invest in the company for now, as it may worsen further, but there are definitely possible investing opportunities in the near future.
Our other preview company for the week is The Fresh Market. This specialty foods retailer was established in 1981 and is now headed by Craig Carlock. The stock price on Sunday was $59.93, we bought ten shares at $59.19 and the market closed at $58.71 this afternoon. After studying the TFM's market prices, we agreed that they are highly unstable, explainable by the company's poor balance sheet - there is not enough flowing cash. Recent movements in the industry are sparking an interest in buying stocks: Amazon revealed a new web-based organic retailer named Vine, a product of Quidsi, a company bought in 2010. This will surely aid Fresh Market's share value with more interest in investing. Although we did lose money today, we are hopeful that TFM can provide decent temporary investing.
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