Starbucks Chief Financial Officer, Pete Bocian, is bailing on the over-roasted and over-hyped coffee company. Things must be really going south.
Starbucks (SBUX) stock has sunk 59% from over $25 a share this time last year to just about $11. That’s over 20% worse than NASDAQ performance over the same period and over 30% worse than the DOW.
Starbucks may be starfucked…we’ll wait and see what Q3 brings (as of June 30, 2008, their 10Q reports having more than $350 million in cash and investments).
Leave a Reply