The stock of this leading organic and health food grocer got clobbered after announcing its earnings; this drop has created a bargain, asserts Jason Williams in The Wealth Advisory.

Whole Foods Markets (WFM) reported EPS in line with estimates but missed on revenue — by less than 1%. Literally 0.8% off the analyst target.

So the sharp drop in price is complete nonsense and makes a great time to add to your position or start a new one if you hadn’t already.

Because, you see, WFM is still a turnaround story — a growth stock. And the company recently hinted at plans to enter a new market — one that’s growing faster than anyone could have predicted when the idea was first developed.

In fact, according to Technomic, sales in this industry topped $1 billion last year. But that’s just the start. It's projected to grow to a multibillion-dollar one in just the next five years.

Have you heard of Blue Apron? It is a relatively new company that sells pre-made meal kits and delivers to customers

Well, Whole Foods is already working on a service like this, and it’ll have a huge competitive advantage when it does.

Not only is the Whole Foods name synonymous with quality, healthy, natural ingredients, but it has the supply chain in place to deliver the freshest and best products at prices way cheaper than smaller outfits like Blue Apron.

So what does that mean for you, a savvy WFM investor? Yet another revenue stream to add to those earnings and pump up that share price.

Also, let’s not forget that the new 365 markets are already opening. This new chain of WFM stores will cater to the biggest generation in US history: the millennials.

So don’t get too worried about the drop in price caused by this most recent earnings report. For starters, the report wasn’t that bad. And, as I said, this is a turnaround story.

That means the share price is going to turn around. And in a big way. Load up on shares now at a bargain price. You won’t regret it in the long run.

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By Jason Williams in The Wealth Advisory