May 11th, 2009 | Author: admin
Following the month long Starbucks Poll on this site the results are:
Question – “Do you think Starbucks has lost its way?”
YES definitely 88%
Somewhat 6%
Not really 6%
No 0%
There seems to be an overwhelming consensus that Starbucks HAS LOST ITS WAY.
Apart from the poll, further evidence seems to be indicated by the 77% decline in profits stated in their Q2 results. Many Stock analysts have also issued downgrades and sell recommendations for Starbucks stock. The only upbeat recommendation came from on analyst who’s firm is a market maker in the stock, so it is not unreasonable to assume they were just trying to drum up some business activtity.
Although there has been movement on the share price, most of this just inline with general market movement, nothing suggests optimism or reasons to buy.
Rumors on other blog sites seem to indicate that Starbucks could find itself a takeover target. Maybe a hostile bid is what is needed to shake the company out of its “we’re Starbucks so we must be right” fog and take a hard look at the reality – Starbucks has many serious internal issues and needs to shake up both staff and policies.