Starbucks Cuts EPS Estimates

Starbucks (SBUX) said the economic environment was the "weakest in our company's history" and that it was being hurt by its heavy presence in California and Florida, which have been hard hit by the housing downturn. That's right, Starbucks actually blamed housing.............

I can't even get into this now. The thoughts and biting comments are flooding me so fast I feel like that guy in the movie "Scanners".

Housing? Unbelievable........

Of all the excuses...housing?

More on this tomorrow...

Disclosure ("none" means no position):None

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