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While I Was Away…….Weirdness

It seems like as soon as I go on vacation, the news start flowing like mad..and makes very little sense..or does it?

– Citigroup (C) lost $2.5 billion and people were thrilled

– Wachovia (WB) figured they would one up them so they lost over $8 billion, eliminated over 6,000 jobs and cut the dividend…..people were thrilled

– Wachovia looks so bad the CEO just spent $16 million buying a million shares

– McDonalds (MCD) beat estimates and gets downgraded

– Obama disses injured troops in Germany and then offers contradicting excuses on Friday and Saturday…what will Sunday bring? This one actually makes sense…..he doesn’t care..

– Starbucks (SBUX), after “not telling” what stores were closed realized it was cruel to keep people in wonder as to their job status and finally released the list. They can’t do anything right at this point..

– An analyst got sued by a company that did not like what he had to say.

– Starbucks apparently still thinks they can execute breakfast…….I thought they mercifully gave up on it..


Disclosure (“none” means no position):

Todd Sullivan's- ValuePlays

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One reply on “While I Was Away…….Weirdness”

While I’m disappointed to see that Starbucks is closing one of its stores in Newton Center, I can breathe easy knowing that there’s another one 100 yards around the corner.

And, thankfully, there are still two stores across the street from each other a block off Copley Square in Boston.

Closures are long overdue…

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