The Starbucks Conundrum
In case you didn’t know, I live in a small town named Delray Beach.
Really, it’s a ridiculous little town. Lot’s of rich yuppies bordering a ghetto.
Stores close by early here too, another minor inconvenience for a “city boy”.
Now, I know yuppies love Starbucks. Hell, I even drink an iced mocha from time to time. But even I was shocked by what I saw.
Two Starbucks store front locations, ON THE SAME STREET, just one small block away.
Who the hell is doing the franchising over at Starbucks? Maybe this is a reason why their stock has been bear clawed to death over the past year.
Anyone want to take bets on which Starbucks will close first?
-CD
P.S. Shorting Starbucks would have been an awesome play last January. But now it’s time we look for something different… Feel free to chime in with ideas below.