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Thursday, November 16, 2006

Starbuck's Decaf (SBUX)

Starbuck's missed Wall St.'s revenue target and had poor earnings to boot. Some was due to changes in the company's accounting practices. Investors wanted revenue of $2.02 billion and the coffee retailer did $2 billion.

While the company's long range goal of hitting a total of 30,000 stores worldwide may not be in jeapordy, it may be set back a few days.

Starbuck's shares are off about 6% after hours to just above $37..

Douglas A. McIntyre can be reached at He does not own securities in companies that he writes about.

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