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Non-Tech : Starbucks (SBUX) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph H. Leiti who wrote (898)10/8/1999 9:33:00 AM
From: Tom_  Read Replies (1) | Respond to of 1506
 
Tomorrow brings four ratings...

...(so far).

30) LEHMAN BROTHERS
SBUX reit strong buy, another strong month, target $40.

34) GOLDMAN SACHS
SBUX reit recommended list buy, reported strong same store sales growth, FY99 estimate $0.54, FY 00 estimate $0.65.

27) DEUTSCHE BANC ALEX BROWN
SBUX reit buy, Sept. comps up 8%, tops our estimate of 6-7%, strong beverage sales continue to drive comps, we remain comfortable with our 4th Qtr. estimate of $0.17

19) JOSEPHTHAL
SBUX reit hold; same-store sales rose 8% in September, matching the gains in July and August; expect no P/E multiple expansion from current level.

per JAGNotes

Best wishes,
Tom




To: Joseph H. Leiti who wrote (898)10/30/1999 1:05:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 1506
 
Hello folks. Having been an enthusiastic consumer of Starbucks products wherever I find their stores, I have since I began investing wished I could find a good entry point to buy a chunk of the stock. I watched the mass-dumping of SBUX at the beginning of July, and so SBUX has been casually on my radar screen since then. With the predictable weakness following the summer sell-off, followed by the equally expected October general market weakness, I decided recently that the time had come to become a shareholder in SBUX. I bought at $22.

Now I'm looking at the 120 day chart, and today at $27 the stock sits at the bottom end of a massive gap between here and ~$35. Amazingly, the stock has churned through the truly *massive* volume of the mass-dump in the summer.

I'm wondering how hard or easy it will be to go up into the gap. It's an interesting chart.

I have a personal espresso machine which gets lots of use, but I still like to stop at Starbucks, just because their stores are so hip, and their products always good. The Brand has been cultivated and nurtured along, and the near-universal appeal is just amazing to behold. It gives me great pleasure to be able to drink Starbucks coffee on airlines, and now the small company I work for even has Starbucks office coffee service in our sales offices.

It seems to me that this company is a no-brainer growth company for the foreseeable future, and I'm happy to finally be on board.

Regards,

Dwight