Posts Tagged ‘recession’

01/28/09: Recession Tips and Starbucks Closing More Stores

The Telegraph has 10 tips to ride out the recession. Although aimed at a British audience, most of the tips can be applied anywhere.

VistaPrint Limited was up big today on news that they beat forecasts. I guess it is still possible for a company to beat the street.

Starbucks is still seeing it’s customers turn away in droves. Starbucks plans to close 300 more coffee shops, further slow expansion, and cut more jobs. Its profit dropped 69% in the latest quarter, missing analysts’ expectations. The Starbucks I go to is almost always booming. I’m hoping it doesn’t shut down.

Apple Shares Cut to $70?

So the news on Steve Jobs hasn’t been very good for shares of Apple, which has seen it’s shares drop recently However, the Royal Bank of Canada today downgraded the Apple stock price and slash its target of $125 per share down to $70. This all on claims of concerns of earning potential and uncertainty about the company’s leadership in other words Steve Jobs’ health.

I think Apple will be fine with or without Jobs. The ipod and iphone are still selling like gangbusters. And there should be some great new and exciting products in 2009 such as a new Mac mini, new iMacs and possibly a new 4GB iPhone.

This stock was selling at $200 a share not long ago. Even though we are in the grips of a recession, it seems people are still willing to pay top dollar for Apple’s most popular items.

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