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Starbucks: Even the Coffee Tastes Good at These Levels |
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| Apr 29, 2008 01:15 AM UTC |
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Tracked Blogger
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4/24 - "With the stock trading down under $16, In think that it bears watching as a contrarian, turnaround story. I think that as part of Starbucks' turnaround strategy, it understands the need to get back to basics and start doing the things that made them successful. This plus the potential windfall that its China business could produce, makes this an interesting story for the future." "I doubt that this is a stock that's going to make a major move over the next month or two, but for investors interested in a turnaround story and with a bit of patience, Starbucks may just fill the bill." 
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4 Related Views
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 N/A risk: moderate |
More Grounds for Pessimism at Starbucks
4/24 - "The latest tidbit of gloom came in the form of Starbucks' revised outlook. Starbucks said it now expects second-quarter earnings to come in at $0.15 per share, versus $0.19 per share in the same period last year, and for revenue to increase by 12%...Even more shocking, Starbucks said earnings for all of 2008 are now expected to be "somewhat lower" than the $0.87 per share the company re...
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N/A risk: moderate |
Am I Too Much of a Pollyanna on Starbucks?
4/24 - "I’ve been a big fan of Starbucks (SBUX) stock, saying to anybody who will listen that if I were allowed to buy a stock and put it on the shelf for a few years — buying more as it falls — Starbucks would certainly be one that I would consider.
Among the reasons: It’s a strong brand (and I like brands), Howard Schultz has his reputation at stake, coffee ain’t going out of style, McDona...
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47% risk: moderate |
Starbucks Now an Avoid at All Costs
4/24 - "As a result FY2009 earnings to be "somewhat lower" than the last year's 87 cents. Starbucks said it can't be more specific "due to the lack of visibility into near-term economic conditions." In January they projected earnings of 96 cents to 98 cents. Funny how they can be very specific when expecting an increase but when a decrease is in the cards, they just cannot finger it. Translatio...
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N/A risk: moderate |
Curtain Call for Starbucks
4/24 - "CEO Howard Schultz said the "economic environment is the weakest in the companies history", and California stores are taking a big hit. They plan to close 100 stores and get back to basics, now they just need to close around 1,000 more."
"Best of luck if you are still holding SBUX shares, it's only going to get worse."
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Comments (1)
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Interesting to see all these experts having conflicting opinions on SBUX. Thoughts anyone? |
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