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. Translation? It will be very bad..."

"The problem is that Starbucks has stopped giving people what they want. Schultz actually said people are "spending less" at his stores but "not going anywhere else".

DELUSIONAL..... Howard, you sell an addictive beverage that people cannot go without. If they are not getting it from you, they are getting it from someone else...I wish I had shorted this thing over 15 months ago when I first pointed out the problems killing it today."