Loading...
Symbols:
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Transcripts
- Alcoa, Inc. Q3 2008 Earnings Call Transcript
- LifeVantage Corporation F4Q08 (Qtr End 06/30/08) Earnings Call Transcript
- Sealy Corporation F3Q08 (Qtr End 08/31/08) Earnings Call Transcript
- CalAmp F2Q09 (Qtr End 8/31/08) Earnings Call Transcript
- Cantel Medical Corp. F4Q08 (Qtr End 07/31/08) Earnings Call Transcript
- Safeway F3Q08 (Qtr End 9/6/08) Earnings Call Transcript
- Acuity Brands, Inc. F4Q08 (Qtr End 08/31/08) Earnings Call Transcript
- Bank of America Corporation Q3 2008 Earnings Call Transcript
- Centennial Communications Corp. F1Q09 (Qtr End 08/31/08) Earnings Call Transcript
- IDT Corporation F4Q08 (Qtr End 7/31/08) Earnings Call Transcript
-
Editor's Picks
-
Most Popular
- Cap-and-Trade in the U.S.
- Of October CDS Auctions and Helicopter Ben
- Big Troubles for the Euro
- Asset Securitization Crisis: The Butterfly Effect
- @VIC: Top Hedge Fund Picks
- Can Google Reach Its Pie in the Sky?
- Full list of Editor's Picks »
- 36 Opportunities for the Beginning of the Bull »
- 25 Cash Cows to Ride Out the Storm- Barron's »
- 3 Stocks That Are Begging To Be Bought »
- iPhone Sales Drastically Surpass Q4 Consensus; Apple Reaches 10m Goal »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- Iceland: When Too Big to Fail Becomes Too Big to Rescue »
- Big Tech Prepares for Big Layoffs »
- Cash Position Best for Apple Investor »
- Why Is Everybody Selling as Buffett Is Loading Up? »
- Fannie and Freddie Did Not Cause This Crisis »
- The Cramer Crash? »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
brewboy
6 Comments
Earnings Preview: Starbucks [view article]
What a Kettle of smelly fish. SBUX, once touted as a 'great place to work', a paragon of 'Corporate Virtue" is no different than any other corporation, perhaps worse as they touted they were the new mold. Benefits for everyone are nice but if you get laid off, what good are they? The problems were evident over three years ago yet the top dogs refused to act for fear of offending the man behind the curtain, "MISTER S". Yes-people get you nowhere, ignoring history begs a repeat. They saw McD over expansion, They saw KrispyKreme debacle, They saw the Boston Market Debacle, yet SBUX was immune, their customer was different. Jul 29 03:06 PMUBS Analyst: Starbucks' Slump Could Attract Investors [view article]
User 220539 certainly doesn't know SBUX Seattle Mgt /ownership at all. Beyond the remarks of the ill-informed, this painful chapter shoudl do the following: 1) Put to rest the "Starbucks, a great place to work" myth, they are just another corporation and terminate employees in no 'nice' manner. 2) If they close 600 stores that have opened primarily since 2006 and more recently, they will have a HUGE lease obligation unless they can find subtenants to absorb at least of their high rents. SBUX 'made" the market for rents, they were the top rent payer. Reminiscent of the homebuyers that bought, no money down at the top of the market. 3) Since many of their leases had a 5 yr termination window it might mean only 3 years left of rent obligation 4) Wonder if Schultz will use his investment in Pinkberry to put Pinky into the vacated SBUX...next 'single purpose craze' waiting to find that the market isn't forever. Jul 01 07:01 PMCountrywide CEO Finds Struggling Homeowners “Disgusting” [view article]
2nd homes, cash out refi's for new cars, buying homes knowing you can't afford the loan but figuring "prices are going up, I'll just resell it and take 'my' profit", and, in a damning example of our pitiful educational system, people that don't know simple math nor have any understanding of how an ARM worked. Those of us that didn't partake now get to see 'bailouts of the poor hapless "Victims". Recently heard of Countrywide offering to assist a Victim by altering their loan term to 3.75% interest only for 3 years then loan becomes fixed at 5.375% 30 yr amortized. This is significantly better than any loan we who were not greedy can get. My take-away is that greed and stupidity get rewarded in the Barney Frank world. May 23 12:41 AMWhat Is Starbucks Doing Out There? [view article]
The issue for SBUX now is that need to SPEND MONEY to fix the issue. Look at the market and close the lower performers that can transfer sales to another unit PROVIDED the service does not suffer. AND, if they make a decision to close a unit and transfer sales, they should also spend any necessary $$ to make sure the store that will get the transfered sales is up-to-snuff. This means write off for the closed store and FF&E PLUS cost to make the 'keeper' look it's best. PLUS, they have the write off for the ill-fated 'warming' to deal with. They need to get this pain BEHIND them and it is my opinion they are attempting to spread the pain over a sequence of quarters instead. RIP off the bandage PLEASE dont pull it off slowly! Mar 26 07:53 PMStarbucks: Is A "Transformation" Necessary? [view article]
Add: Reinvest in the facility. Upscale means clean AND FRESH. Stop being cheap on replacing worn out or stained items in the dining areas, etc. Mar 18 05:53 PMStill Not Convinced by Starbucks [view article]
I don't get how Howie Schultz will 'fix things'. Everything that has been done has had his blessing, if not his instigation. HE is the person that made the ridiculous 'promise' of 20,000 store in the USA. Historical reference should have precluded that statement, look at what happened to McDonald's back in the later part of the 90's when they believed they could put stores everywhere and, by being 'convenient', capture all the business. Is it so odd to believe that some people just don't like Starbucks? I'd rather have 12,000 highly profitable stores than 20,000 with 8,000 of them eeking out a small profit or losing money. Add to this that Starbucks has yet to make any significant in-roads into ownership of any of the their real estate so they will continue to experience extreme increases in occupancy costs. At least McDonald's owns a significant portion of their portfolio! Jan 08 01:38 PM