Thursday, July 26, 2012

Starbucks Shares Hammered

$SBUX - earnings miss. I quit my daily mocha habit. Starbucks loses 10% in value; I lose 10% of my body weight. Math is beautiful that way.
Around town, I've noticed the lines are still long at the Starbucks. Maybe folks are cutting back here and globally.  Or, maybe there is market saturation and growth is slowing.  There may also be some resentment from folks who are upset that Starbucks is capping wi-fi usage at some stores.

Starbucks shares hammered after earnings miss
CNN MONEY | JULY 26, 2012

The Seattle-based mega-chain said it earned 43 cents per share for the quarter... Read more

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