If CEOs had to respond to every downgrade, they would never have time to run a company. The rationale for the downgrade was ridiculous, but the proof will be in performance, not talk.
I bought this stock at $57 recently, based on the median $63 target, 4 strong buys, 14 buys, and 4 holds and the fact that I have made money on it in the past. Since then, it has done nothing but go down. Yes, the company has its faults (what company doesn't?), and the economic climate is volatile, but when is the upside coming?
The Teavana brand could give SBUX a big lift in Japan and neutralize the concern about China's slowing economy and its negative impact on the stock price. The big upswing today shows that taking full control in Japan was a smart move.
I agree, but it's a waste of time to try to change a closed or deranged mind. I put him on ignore and suggest that you do the same so we can reclaim this Board from the invasion of the Starbucks snatchers.
Just to be clear: Yahoo defines SBUX as a "Specialty eatery" and lists its competitors as Darden, Yum, Nestl, and McDonald's , a category to which Chipotle belongs. SBUX sells coffee outright, so the comparison to Keurig Green Mountain, another coffee retailer is warranted. The fact is that we don't need any comparisons to know that SBUX has not been on a tear recently and there is some concern that it's big investment in China will not pay off. I'm just sayin'.
GMCR, up 1.13% today and has been on a continuing roll, for a direct beverage competitor, and CMG, a fast food competitor, up 1.48% today and has also been going up steadily while SBUX is not and has not been doing as well comparatively. I'm not a dnkn investor.. Can I stay?
This back-and-forth trash talk is driving me to drink--and it's not coffee. Please, could we forget about Bitty-Bit and his ilk and talk about SBUX for a change? Why is it lagging others in this space? What's the outlook?
I agree with your sentiments completely concerning the Perv Poster, who is obviously suffering from multiple personality disorder, judging by his many different names. As amusing as the banter with him is, I have put him on ignore in the hopes that this Board can be used for the more productive exchange of information about SBUX. The stock is finally up today, but I'm wondering if this is a one-off occasion or the beginning of a positive trend. Any intelligent opinion on the subject would be greatly appreciated.
It's also a smart move because it prevents some of the largest generic suppliers in the world
based in India from selling in the countries excluded from the 91 in the deal until a patent is finally rejected in India, which will take a long time. Giliad has built its fortune by being innovative and aware of the realities of the global marketplace. This drop in the stock price is a short-term panic reaction triggered by unwarranted fear and misunderstanding.
Laugh-out-loud funny and so well-written, but the problem is, the stock keeps tanking. What's driving it down, other than perv rantings?
tmovingforward dearest, for the record, In 1999, Schultz was awarded the "National Leadership Award" for philanthropic and educational efforts to battle AIDS.
He was the recipient of the 2004 International Distinguished Entrepreneur Award, presented to him from the University of Manitoba for his outstanding success and commendable conduct of Starbucks.
In 2007 he received the FIRST Responsible Capitalism Award.
On March 29, 2007, Schultz accepted the Rev. Theodore M. Hesburgh, C.S.C., Award for Ethics in Business at the Mendoza College of Business at the University of Notre Dame.
Schultz became Fortune Magazine's "2011 Businessperson of the Year" for his initiatives in the economy and job market.
Doesn't sound like someone who supports apartheid and genocide to me.
You make a good point, but yesterday's article in the Realist documented that Starbucks is focusing on expanding its relevant product line to keep up with the competition. Some examples: introducing 20 different micro lot coffees around the world, opening Teavana teabars with new products like Teavana Oprah Chai and Teavana Shaken Iced Tea, coming out with handcrafted beverages, and launching Fiazoo, a carbonated drink. Game changers like Starbucks and Apple always have competitors nipping at their heels but manage to outrun them all the same.
Thanks for saying what I'm sure a lot of us are privately thinking. We could use some toilet bowl cleaner on this MB.
It was James Carville, a Democratic party strategist, who famously said: "If Hillary gave up one of her balls and gave it to Obama, he'd have two." As Secretary of State, there was only so much she could do, short of giving Obama a testicle transplant.
Well said. Every day the huge difference between being a Campaigner-in-Chief and a Commander-in-Chief becomes more apparent.
Or should I say Goldman sucks (hard to have much faith in such a crooked company). Their downgrade triggered the massive HC sell-off yesterday: Aetna (AET) and UnitedHealth (UNH) fell 4% and 2.7%, respectively, after Goldman Sachs downgraded and lowered price targets for the insurers, saying that those who aren't insured under the Affordable Care Act are likely to up their utilization of services. Goldman also cut EPS targets on several other health insurers. WellPoint (WLP) fell 3.6% and Cigna (CI) 3%.
I think the sharp sell-off was an overreaction and a buying opportunity. I'm holding on.