Britney Spears hospitalization sends Starbucks shares tumbling


Renowned equity analyst Perez Hilton has apparently discovered the real reason investors sold off shares of Starbucks Corp. (NASDAQ: SBUX) today. No, it has nothing to do with the weak jobs report, as you may have been thinking.

Maybe its because Wall Street traders are worried about how Britney Spears' hospitalization will will effect sales. The former teen princess is nearly always seen with a latte in hand and, unless Starbucks delivers to the hospital, sales in the LA area could plummet!

But there may be a contrarian play on this news: Starbucks locations in the LA area are less likely to be overrun by Spears and her posse, driving away other customers, and efficiency and sales per square foot could soar!

And the company will have to pay lower insurance premiums because the risk of baristas being attacked with umbrellas is significantly lowered by Ms. Spears' hospitalization.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 03:48 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    DailyFinance BlackBerry App

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    BioHealth Investor Headlines

    Page Loaded in 1329122929632 ms.