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Starbucks Corporation Message Board

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  • mademybux mademybux Jul 23, 1999 2:54 PM Flag

    upgraded by

    I'm showing up almost $2 on a down day in the market. Hope you're covering your shorts. Or do you have them in the wash machine??? GO SBUX........Made Mine

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    • Starbucks is up two dollars today after its
      earnings report. It has received two upgrades from J.P.
      Morgan and a strong buy recommendation from Pacific
      Crest. Starbucks stock was hit by the news that it had
      ambitious plans to open up a lifesyle portal in a
      conference call on July 3. The stock lost over 25% on one
      day in early July. In yesterday's eanings report,
      Howard Schulz (the CEO) said that the company will
      abandon most of its internet plans and refocus on what
      makes Starbucks great- coffee. The addictive nectar of
      the gods. Starbucks did what it needed to do to
      succeed and please investors by cuting off its internet
      division to concentrate on coffee. I've personally visited
      and often frequented six different Starbucks in the
      San Diego area and I'm amazed. No matter what time of
      day, there is always a crowd in a Starbucks. A
      recently opened Starbucks in Poway is already bringing in
      the happy customers. Great profits are made by buying
      great stocks that are temporarily out of favor.
      Starbucks is a great buy, look for a decent run up. I'm in.


    • TC - I'll loan you my tweezers and a mirror so you can find it...

54.68-1.45(-2.58%)Jun 24 4:00 PMEDT