I bought 200 at 261/2 and felt good as SBUX went
up to 28, then down and down. The 200 are in my 401K
so I dont really have any tax advantane in selling
at a loss, do I? I now have $2500 to invest and
though I felt good about SBUX, but I'm not sure
anymore.If 15 is the bottom how long will it stay there? I
also fear that expansion into foreign markets should
only be done once your house is in order...What is the
best use of my money for the next 6 months? Money
market more SBUX some other stock? No bull shit answers
You're right - 20 locations in Singapore!!!
That's incredible. They have about 8 in the downtown
tourist areas, plus just about every shopping center
where the locals would shop. Hell, they even have one
in a major hospital. Wish they would do the same
here. I live less than a mile from a hospital, but have
to drive 12 miles to get a frappachino at Barnes &
Noble. Could use one right now. Rock on......MMB
I'm with you on that one. I'd like to know the
breakdown on the traffic also. I'm still amazed in that 20
locations number. It's a small country. Could it maybe have
been two? One on Orchard Rd. (downtown) and one in
Jurong on the west end of the island. And you may be
right about the hang outs of the secretaries. It would
beat some of the options... Ciao...MMB
Okay, I'll give you that there maybe enough
non-native traffic. But it would be nice to know the
breakdown of that traffic (non-native resident ie:
workforce, student... vs tourist).
secretaries will be at SBUX as long as the economy holds up.
Remember they have to constantly upgrade their wardrobe as
well. Keeping up appearances takes a toll on the old
paycheck (eating out, clothes,
Ha ,<bg> ha, longshoremen, hey they just might
go in if they knew all the cute secretaries hang out
I guess the real issue is in your second
paragraph. " there is not enough non-native traffic to
support these stores". I believe there apparently is,
otherwise why would SBUX have opened 20 outlets? I am sure
they didn't do all 20 at once - that makes no sense.
Common business practice would be to put them in
gradually as long as existing places are doing well.
Singaporean natives, IMHO, would much prefer a SBUX coffee
and pastry place to a tea house. They are a nation
with a lot of pride in their country, trying to be
more and more upscale. Granted that your day labor
longshoreman is not going to be in a SBUX. But you can bet
your life that the little Chinese secretaries are.
It's all about status, and SBUX carries more status
than a teahouse. Yes, Singapore is more affluent than
Vietnam, but I wouldn't be surprised to see a trial SBUX
in Saigon within a year or two. All IMHO.
I thought it was a joke but I wasn't so sure. To
with you, I've seen similar messages on
this board that people
were dead serious. That may
have thrown off many people on this
board. I am
laughing now - not at the joke - but the
misunderstanding which the joke has created. No offense
You've hit the point. Singapore is more affluent
than most areas in USA and from what I read a lot
cleaner than here in the NE.
Also it's clear that
SBUX slots itself at the younger gen and undoubtedly
at other slices as well. The newly announced music
tie-in with the Sundance artists using the SBUX web site
and stores to sell a special CD sounds like good,
interesting marketing to me. Maaybe it will even sell some
No, did not miss your point. We should be on the
same page about SBUX patronage outside of the U.S. I
think you misinterpreted my comment about foreign
traffic (but hope to be proved wrong).
position has been that there is not enough non-native
traffic to support these stores.
opinion would a native rather socialize in a SBUX (coffee
& pastry) or in a tea house (tea & dumplings...).
I think maybe you missed the point I was trying
to make. Maybe it wasn't too clear. The point is
that Singapore, while being a country, it's a very
small place, actually a city/state. To support 20 SBUX
cafes takes a bunch more people than just the small
quantity of expats there. The locals have to be doing
quite a bit of coffee drinking too. I agree that it is
the younger generation that will take to SBUX, and it
is apparently happening. Ciao...MMB
Truce, I agree to a certain point, too much bad
mouthing of me and others, much time is lost slamming
other peoplke that don't desrve the filth and knocking
everyone down, instead of rtrying to help people to makew
money, on what ever level, time is wasting with bad
intentions and defensive postering Boxcars..