Starbucks warns about 2009
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/starbucks-warns-about-2009Posted on Tuesday, November 25th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
a title=starbucks target=_blank href=http://www.marketwatch.com/news/story/starbucks-warns-tough-times-ahead/story.aspx?guid=%7B8478A985-A653-429E-A26D-C905E73F3AC1%7Ddist=msr_2Starbucks warned/a last night that 2009 would be a very tough year. brbrAs a retailer that is dependent upon consumer discretionary spending,
the Company expects to face an extremely challenging fiscal 2009
because of these economic conditions.brbr Starbucks did say that it expects to end 2008 with 20 fewer stores in the U.S. but expects to have added 700 stores overseas. brbrWe’ve heard this story many times — U.S. business stinks, Asian business is great.
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
- Even Walt Disney Couldn’t Have Imagined This … - April 9th, 2009
- Following the Warren Buffett of China - February 17th, 2009
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- Japan: worst stock market drop in history - December 31st, 2008
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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