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Kev |
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and seriously? give me a piece of a company that PROFITS3.48 billion a year. pretty sure you're talking about revenue. a high revenue isn't as great when your expenses are really high as well. fyi, in the last quarter for 2008, starbucks reported 65.8 million in net income. drop from 208 million during the same quarter a year ago. |
9c/share? hmm... it's time to buy some starbucks shares. it won't take long until people start migrating back to their addiction. |
I was working on Homer Street in the summer and craved a coffee. The Starbucks was lined up out the door. I walked around the corner and went to a privately owned coffee shop for my vanilla latte fix. I saved a dollar and it was the best latte I've ever had. I asked him why Starbucks would take me 15 minutes and taste like shit. His answer? They are only used to going there. It's the crepe place across from the library on Robson. Their crepes are fantastic too(needs a little work on presentation). |
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an americano is worth the extra 50c when compared to "timmy's". god, i'd rather drink instant than that dog water they call coffee. haven't tried mcdonald's. but if the quality of their fine establishment serves as testament, i'm sure the price wouldn't surprise me |
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hella expensive but good coffee nonetheless, sucks for those who are going to get laid off =( |
Yeah, well I get Van Houtte coffee for free at work. 5-6 different flavours. Now that's more like it. |
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http://www.nytimes.com/2008/11/11/business/11sbux.html all key figures in their annual reports are listened in here, the listed net income/profit is far below from the couple billion you posted |
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I think a lot of people knew they weren't doing well when they announced in the summer that they were closing stores. The architecture firm I worked for completed a shopping centre in Tukwila, near Southcentre Mall and the Starbucks there closed after a month. That pretty much told me something was up. |
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I don't drink coffee too often but I prefer tim hortons because they have more choices for snacks. |
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