Wednesday, January 28, 2009

SBUX Performing Per Prediction

Profit tumbling, Starbucks is slashing jobs.  As previously described, SBUX is in fierce competition with large, highly-capable competitors who have effectively made a commodity of the high-end coffee products from which Starbucks had been deriving fat profits.  The impact of the current economic situation is but salt on SBUX' open wounds.  

I continue to call SBUX bear bait.

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