Starbucks is under attack from the french fry kingAaron Pressman
I like Douglas McIntyre’s 24/7 Wall Street blog a lot but today, over on bloggingstocks.com, he’s questioning the McDonalds-Starbucks competition that’s so obvious I wonder what he’s missing. First the news: McDonalds once again reported strong monthly sales growth, up 13% overall and 8% at stores open over a year. McDonalds shares (Symbol: MCD) are up a tad on the news and Starbucks stock (SBUX) opened down a touch but is now up a touch. Regardless of the minute to minute machinations, and contrary to Doug’s questioning, every current or potential Starbucks shareholder ought to be worried — very worried — about what Ray Kroc’s empire is up to in coffeeland because the Golden Arches are aiming to take away as much of the Green Mermaid’s livelihood as they can.
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