Tuesday, September 11, 2007

week 3- SBUX STOCK UPDATE for the past business week

STARBUCKS COFFEE STOCK value is currently at $27.04 and has stayed between $27 for the last week. This stock has not seen any major growth since the last stock split last yr.

Starbucks "SBUX" has been one of the greatest success stories of recent American business history. It singlehandedly turned coffee from a $0.50-a-cup afterthought to a $4-or-more stand-alone event. Financially speaking, the company's growth continues today. In its most recent quarter, Starbucks notched revenue growth of 20%, and net earnings 9% ahead of its prior-year totals. Those are respectable numbers, especially for a company that already has around $9 billion a year in sales.
Yet since peaking out at $40.01 a share last fall, Starbucks stock has tumbled precipitously, losing more than 30% of its market price

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