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Will Starbucks file for Chapter 11 protection by Dec 31, 2009?

Background: In november Starbucks reported their earning plummeted by 97%
Starbucks has marketed itself as an upscale Coffee retailer; and just not for an ordinary cup of Joe for an ordinary Joe.
Starbucks has rolledback their expansion internationally, has announced layoffs; and is trying to change its marketing strategy.
SBUX (stock symbol) has gone from a 52 week hi of +24 dollars to a cloase on Nov 14 of 8.61

various sources you can use:
<a href="http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-IRHome">http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-IRHome<;/a>
<a href="http://www.starbucks.com/">http://www.starbucks.com/<;/a> <a href="http://online.wsj.com/article/SB122635281657415015.html?mod=googlenews_wsj">http://online.wsj.com/article/SB122635281657415015.html?mod=googlenews_wsj<;/a>

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
9%
No
91%
Question suspends in 5 weeks

Suspend date: Thu 31st Dec 7:59pm PST (5 weeks to go)

Initial likelihoods: Yes: 29%

Action history:

Created Sun 16th Nov 2008 3:50pm PST by nadine_dr_computer

Suspend date: Thu 31st Dec 7:59pm PST (5 weeks to go) details

 

Predictions (98)

4 weeks ago
ozarkguy predicted No (H$130 at 91%)
10 weeks ago
david5 predicted No (H$100 at 82%)
15 weeks ago
tuff_sledding[Power User] predicted No (H$200 at 82%)
16 weeks ago
spacemonkey1229 predicted No (H$100 at 82%)
16 weeks ago
casehandler predicted Yes (H$26 at 18%)

Comments (1)

  1 rogerkni
It closed on 11/20/08 at 7.17.
posted 1 year ago

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