MDMI - Italian Bakery Extraordinaire! Message Board

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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!

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To: Old Stock Collector who wrote (2005)	3/30/1999 10:40:00 AM
From: Marc Stager	Read Replies (1) of 3584

Coffee seems to be doing nicely elswhere as well. 2/23/99, from Motley Fool Ubiquitous coffee retailer Starbucks (Nasdaq: SBUX) perked up $3 to $52 7/8 after it announced a 2-for-1 stock split, which will take effect March 19. The company's shares, which closed up $1 1/2 yesterday, have increased 32% in the last year and are trading at more than 41 times estimated earnings compared with a multiple of 25 times earnings for the S&P 500. Starbucks is now at around $28.75, equal to $57.50 pre-split. The Java Centrale shops are doing a good business as is the bakery, and the traffic coming to the iChargeit site from the Affiliate System should assure brisk sales of online coffee. It's nice to see this sleeper finally starting to wake up with a tight spread and healthy volume. Another cup, nice and strong, please. ____________________________________ Marc Stager

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