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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (67395)	8/3/2006 4:20:06 PM
From: shades	Read Replies (1) of 110194

Starbucks' Schultz: Share Selloff Is An Overreaction >SBUX (BRIC - get ready to be americanized - BRIC MEN - get ready for princess to bitch you out and runup 250 a month at sbux - El Mat where is your daughter? - hehe) NEW YORK (Dow Jones)--Starbucks Corp. (SBUX) Chief Executive Howard Schultz called Thursday's selling in the company's shares an overreaction. The selling comes a day after the coffee chain posted third-quarter results that included a July same-store sales growth figure of 4% that troubled investors. "This is a moment in time (in) which people have clearly overreacted," Schultz told CNBC Thursday. Same-store sales "should not measure the health and success of a company that has gone from 11 stores in 1987 to 12,000 today in almost 40 countries." Earlier, shares of Starbucks fell as low as $28.72 compared with its year low of $23 reached Sept. 20. Shares recently traded at $30.74, down 7.7%. Schultz said Starbucks' biggest opportunities come from expanding the chain internationally. He said Starbucks is in the works to open stores in Russia, India and Brazil. -By Erica Owen, Dow Jones Newswires; 201-938-5393; erica.owen@dowjones.com (END) Dow Jones Newswires August 03, 2006 15:48 ET (19:48 GMT)

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