Starbucks is Too Expensive Starbucks (SBUX) is too expensive and not just the coffee but the stock itself. The stock reached a new 52 week low today as the market sold off during the morning and has rebounded some. But the price to earnings of the stock is still too expensive for the limited revenue growth and the declining earnings the company is now experiencing. Price to Earnings The price to earnings for Starbucks stock is 16.30 on a trailing twelve month basis and 14.77 on ...

Earlier this week, it was announced that a subsidiary of Capital City Energy Group, Eastern Well Services, signed a letter of intent to acquire Osage Wireline, Inc. The cash and stock acquisition is expected to produce immediate benefits, including a postulated increase in gross revenues of around forty percent.

Eastern Well Services is a fast-growing oil and gas service entity with projects in both the United States and Africa. The company provides fracturing, cementing, logging, perforating, and well testing services for oil and natural gas companies. This latest acquisition will broaden Eastern’s wireline ability, which is the use of a cabling system to lower mining apparatus into an oil and gas well.

Osage Wireline Inc., which specializes in wireline technology and open-hole logging, is headed up by Mike Mackey. Mackey has been excelling in the wireline business for nearly three decades, attaining a wealth of knowledge which will be inherently

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