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Official: Credit Crunch not All Bad

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    Official: Credit Crunch not All Bad

    Times Online: Starbucks profits dive by 97%

    http://business.timesonline.co.uk/to...cle5127267.ece

    Profits at Starbucks collapsed 97 per cent in the fourth quarter of the year after the ubiquitous coffee chain was forced to absorb the effect of weakening demand and the cost of closing stores earlier this year. As the group admitted to the earnings plunge, shares in the Seattle-based group sank 3 per cent in after hours trading to $9.91 each. Two years ago, the stock fetched $38.41.

    #2
    Originally posted by BrilloPad View Post
    Times Online: Starbucks profits dive by 97%

    http://business.timesonline.co.uk/to...cle5127267.ece

    Profits at Starbucks collapsed 97 per cent in the fourth quarter of the year after the ubiquitous coffee chain was forced to absorb the effect of weakening demand and the cost of closing stores earlier this year. As the group admitted to the earnings plunge, shares in the Seattle-based group sank 3 per cent in after hours trading to $9.91 each. Two years ago, the stock fetched $38.41.
    just need scumair and sleazyjet to follow suit and world order will be restored
    Coffee's for closers

    Comment


      #3
      Originally posted by BrilloPad View Post
      Times Online: Starbucks profits dive by 97%

      http://business.timesonline.co.uk/to...cle5127267.ece

      Profits at Starbucks collapsed 97 per cent in the fourth quarter of the year after the ubiquitous coffee chain was forced to absorb the effect of weakening demand and the cost of closing stores earlier this year. As the group admitted to the earnings plunge, shares in the Seattle-based group sank 3 per cent in after hours trading to $9.91 each. Two years ago, the stock fetched $38.41.


      Lets just hope no Feckers decide to buy them out and start a rescue plan eh?
      Who has time? Who has time? But then if we do not ever take time, how can we ever have time?

      Comment


        #4
        Originally posted by stingman123 View Post

        Lets just hope no flipers decide to buy them out and start a rescue plan eh?
        I thiught they had to be rescued as essential?

        Comment


          #5
          Now we can start drinking real coffee again, not diluted crap with whipped cream that looks more like a Flake 99.
          'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
          Nick Pickles, director of Big Brother Watch.

          Comment


            #6
            Originally posted by SantaClaus View Post
            Now we can start drinking real coffee again, not diluted crap with whipped cream that looks more like a Flake 99.
            You forgot the hazelnut syrup.....

            HTH

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