For all you hypsters who thought they could justify this absurdly high valuation by fostering rumors of a possible deal with Starbucks......I've got bad news for you.
CEO of Starbucks was just on CNBC He was asked directly if a deal with KK is in the works, or even possible.
His response: We have sold their product in certain areas on the east coast and people have embraced them. However, we must ensure and promote the strength of our brand in our endevor to become one of the most widely known brands globally. We are however looking into other similar deals.
Still the fact that acquiring KK even crossed the mind of Starbucks CEO would concern me if I was short this stock. Makes you wonder who else has thought of it. I don't think he got the idea by reading posts on the Yahoo message board either.
It was on cnbc. A caller asked starbucks ceo a question over the air pertaining to whether or not he would consider a merger with krem. As far as I know that was the first of it. I however thought about it the other day and I thought it was ironic that it was on a viewers mind also..