Friday, 28 March 2008

U.S. Newsletter Helps Kick Up Buying Of Planet Organic Shares

Planet Organic Health Corp. (TSX:V-POH)

Basic shares: 33.1 million

Fully diluted: 38.2 million

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Relatively high Planet Organic share volumes from March 25th-28th were in part inspired by a United States newsletter urging its members to consider buying Planet shares.

The Phoneix, Arizona newsletter called Green Chip Stocks concluded that Planet, "is probably one of the most underrated stocks in the entire marketplace."

Green Chip's managing editor, Jeff Siegel, went on to write that Planet has essentially mirrored the growth rates of its big sister and only publicly-traded competitor, Whole Foods Market (NASDAQ: WFMI).

Mr. Seigel noted that Whole Foods shares were trading around $33, while Planet's were around $2.12.

Green Chip Stocks is an investment advisory service that focuses on the renewable energy market and the emerging organic and natural food industries.

Since 2001, Mr. Siegel wrote that Planet's annual revenues grew by roughly 3,300%, from $1.6 million when the first Edmonton store opened to $55.3 million in the last fiscal year ending June 30th, 2007.

"There's no doubt in our minds that the company's aggressive growth strategy is quickly turning this once-small organic retailer into a major player," Mr. Siegel added.

To view the entire newsletter, please click here.