Quantcast More Antitrust Madness
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

More Antitrust Madness

Posted on 06/19/2007 10:13:13 | Link | Post Comment
Antitrust enforcement continues to undermine competition and success:
Boy, this is an awkward moment for Whole Foods CEO John Mackey, not to mention for the Bush Administration's antitrust policy. The Federal Trade Commission recently announced it will sue to block Whole Foods from buying Wild Oats, a competitor in the high-end, organic supermarket space.

The FTC's argument is that "premium" organic-food peddlers don't compete against regular supermarkets, and its justification reads like promotional materials from Whole Foods. The FTC waxes lyrically about "the breadth and quality of their perishables -- produce, meats, fish, bakery items, and prepared foods -- and the wide array of natural and organic products and services and amenities they offer," adding that Whole Foods is not so much a supermarket as a "shopping 'experience.'" Mr. Mackey, the Whole Foods CEO, would have to be tickled if the FTC weren't deploying this talk to kill the merger.

Which is where the awkwardness comes in. In order to fight the FTC, Mr. Mackey will have to argue that Whole Foods is just another supermarket.

Stock Quote or
Examples
Morpheus Trading - Tue Sep 02, 2008 05:21AM
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Thu Sep 04, 2008 04:34AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Fri Sep 05, 2008 06:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.