Imperial Capital Analyst Thinks Rumor Of Ackman Short In Whole Foods Is Unlikely

Imperial Capital Analyst Mitchell Pinheiro told Benzinga that he finds it hard to believe that Pershing Square’s CEO Bill Ackman would be “that stupid” to take a short position in Whole Foods Market, Inc. WFM.

“Why would you short the leader in the fastest-growing consumer staples sector that has net cash on the balance sheet and a long pipeline of high return on investment capital investments (all internally funded)?" Pinheiro said.

He added that the valuation for Whole Foods looks low, not high.

Whole Foods recently traded 0.8 percent higher at $53.58 in Tuesday’s session.

Brianna Valleskey contributed to this report.