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Started By
Message
SBUX CEO Howard Schultz steps down
Posted on 12/1/16 at 7:31 pm
Posted on 12/1/16 at 7:31 pm
4
Posted on 12/1/16 at 7:33 pm to oklahogjr
Housewives won't stop overpaying for coffee bc he left. Everyone is all over his balls about being a visionary, it's coffee there's not a ton he can do at this stage, the company is enormous they will be fine with whoever he picks to replace him
Posted on 12/1/16 at 7:40 pm to dabigfella
Your rant seems not factual
Posted on 12/1/16 at 8:04 pm to oklahogjr
Starbucks really suffered the last time he left. I don't l ow much about the guy stepping in.
Posted on 12/1/16 at 10:03 pm to lynxcat
New guy ran product development at Microsoft and was ceo of a company called juniper. Been coo since 2015.
Schultz will remain with company but is going to be focusing on the reserv stores. They're bigger coffee bars with special roasts and blends.
Schultz will remain with company but is going to be focusing on the reserv stores. They're bigger coffee bars with special roasts and blends.
Posted on 12/1/16 at 10:50 pm to oklahogjr
Hopefully it drops 3-5% so I can pick up some more at good price.
Posted on 12/2/16 at 8:06 am to FriscoTiger
I believe at one point in after hours it dropped 11%....
Posted on 12/2/16 at 8:45 am to dabigfella
quote:
, it's coffee there's not a ton he can do at this stage
Posted on 12/2/16 at 9:36 am to oklahogjr
I like that Schultz is going to focus on the reserve stores. Besides international growth, those reserves are going to be what boosts their market share from here.
Posted on 12/2/16 at 9:50 am to FriscoTiger
You hope it drops 3-5% so you can get a good entry? You mean like where it was at $51 a month ago before the dividend boost you knew was coming wasn't good enough?
Posted on 12/2/16 at 5:57 pm to FriscoTiger
quote:
Hopefully it drops 3-5% so I can pick up some more at good price.
I wouldn't buy right now until it goes back to its 52 week low. P/e multiple is still high and expected growth is low kind of I think the move of Schultz though makes me more optimistic about growth.
Got a 2% dip today. I'm still up from where I bought in around the 52 week low.
Posted on 12/2/16 at 6:03 pm to oklahogjr
His successor is going to have venti shoes to fill.
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