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XMFSinchiruna (27.83)

Need a Pick-me-Up?

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October 23, 2008 – Comments (3)

When I need a pick-me-up, I make my own coffee. :) This morning, though, I felt an odd sense of comfort when I saw the 2-year chart for Starbux. My portfolio may be down in the dumps, and the market may feel as though all reason and rationailty has run for the exits behind the sprinting hedge fund managers, but the market at least has it right with respect to Starbucks. The days of people being able to justify obscenely expensive coffee purchases several times per day to meet their caffeine quota are quite simply gone. People will have to adapt in ways they never thought possible... and in this case it's clear they already are ... and have been.

3 Comments – Post Your Own

#1) On October 23, 2008 at 9:47 AM, Gemini846 (58.58) wrote:

Nice. I have a rather wealthy friend who said..

I don't understand why people complain about $4/gal gas. At least you get a whole gallon. Have you ever tried to buy a gallon of Latte? It's like $38. Why doesn't everyone ask the gov to fix Starbucks? And the worst part is people will complain about $4/gal gas on thier way to get a Latte.

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#2) On October 23, 2008 at 11:26 AM, blake303 (29.26) wrote:

I think the way out of this crisis is a windfall profits tax on coffee retailers.

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#3) On October 23, 2008 at 2:52 PM, madcowmonkey (< 20) wrote:

And somebody suggested this a buy a couple of months ago from the Fool. Amazingly, Amazing!

They still have prim locations in real estate spaces:)

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