Starbucks

[Bullitt]

More troubles for SBUX. Just guessing this has something to do with the unionization drive from all those liberal arts degree baristas. Stock down 20% YTD and 30% from 2021 high.

Starbucks is eliminating its Chief Operating Officer (COO) role, according to a letter sent by COO John Culver to employees last week.

The COO role will be terminated on October 3 with the departure of current COO Culver, who has been with the coffee chain for two decades.

The elimination of the COO role is being made to allow for the “best immersion and support” for the company’s new CEO, who is expected to be named later this year.

https://businesschief.com/leadershi...-is-removing-the-chief-operating-officer-role

 

[Bullitt]

I love it. Do as I say not as I do.

 

[tsptalk]

Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process

Starbucks is alleging NLRB officials engaged in misconduct during an election in the Kansas City area.

The coffee giant is asking the labor board to suspend all mail-in ballot union elections nationwide.

Starbucks is also requesting that all future elections be held in person.

https://www.cnbc.com/2022/08/15/sta...ns-alleging-misconduct-in-voting-process.html

 

[tsptalk]

Starbucks to Exit From Russia

Coffee chain joins McDonald’s, other Western companies in ending operations in Russia over Ukrainian war


https://www.wsj.com/articles/starbu...5md0y433ln6&reflink=desktopwebshare_permalink

 

[Bullitt]

SBUX well beyond it's early 2020 highs now with what they call demand from China re-opening.

That LK company probably didn't have to cook their books to be profitable and with them gone it's wide open for SBUX.

 

[nasa1974]

LK gets halted for a month, comes back and is up almost 100% in the past 3 days.

Maybe next time a stock is placed on the de-listed list for fraud I should consider that a buy signal.

NASA, what ideas does your investment manager have today? SBUX at $62 would have been a nice addition.

Bullitt,
Nothing new from my financial advisor.

 

[Bullitt]

LK gets halted for a month, comes back and is up almost 100% in the past 3 days.

Maybe next time a stock is placed on the de-listed list for fraud I should consider that a buy signal.

NASA, what ideas does your investment manager have today? SBUX at $62 would have been a nice addition.

 

[tsptalk]

Ouch. Investors just get screwed, I guess.

 

[Bullitt]

LK down 80%+ after they stated, "2019 earnings data are not reliable".

Probably some sort of accounting fraud. Soon to be a penny stock.

 

[Bullitt]

Bottom is already in but not too late to buy.

I like LK as it currently sits on a previous buy point. It's a Chinese version of SBUX. Plenty of room for caffeine addiction in China.

 

[nasa1974]

Investment manager called today suggesting we pick up some Starbucks stock.