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

To: gpphantom who wrote (903)	10/20/1999 11:27:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1506

SBUX CEO puts his money where his mouth is. (That's my own wording.) From a WSJ news clip (By Danielle Sessa), I summarized the following: CEO Schultz bought a total of 150,000 SBUX shares in the open market on September 21, at a range of $20.94 to $21.13. The transaction was roughly $3 million. It is Schultz's first open market purchase of SBUX, as opposed to exercising his options. An SBUX spokeswoman said no company loans were involved in the purchase. The last time Schultz boosted his stake was last year when the stock was back at $18. Afterward, the stock proceeded to double. "Analysts generally consider adding to a position through options exercise a bullish signal. But buying shares at the market price is an even greater show of confidence." RT