I just heard some nationally broadcasted stockbrokers saying that the reorganization of Starbuck's streamlining and shutting about 600 shops down is a good thing for the company and share price.They never once mentioned that the immeditae dropoff of $4 cups of coffee consumption correlated with $4 a gallon gas.How frigging stupid are these stock broker hacks on the radio and tv when they don't take into consideration that people need to buy gas and just buy $4 coffee with expendable income.When you don't have expendable income because gas is over $4 a gallon,you aren't going to buy $4 a cup coffee.These financial people should realize that we are in unchartered waters where past history can't dictate turnarounds and trends in consumers buying habits.
Then you have the dollar tanking and people are more than happy now to keep their old Starbuck's cups and fill them with the cheapest coffee they find off the shelf of their supermarket home brewed.
Does anyone else here think that Starbuck's is a doomed sinking ship?Or is it just in a temporary setback where in a few years no one will remember this down period for the company?
Then you have the dollar tanking and people are more than happy now to keep their old Starbuck's cups and fill them with the cheapest coffee they find off the shelf of their supermarket home brewed.
Does anyone else here think that Starbuck's is a doomed sinking ship?Or is it just in a temporary setback where in a few years no one will remember this down period for the company?