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• The 10 worst-managed companies in America

  Posted Jun 23 2008, 05:41 AM by Douglas McIntyre
  Filed under: Citigroup, Sprint, Wal-Mart, Intel, AMD, AT&T, Starbucks, Target, Sears, IBM, Circuit City, Sun Microsystems
  Rating:

  With the trading year almost half over and results from the first quarter out, 24/7 Wall Street has created the latest installment of its Ten Worst Managed Companies In America list. This is a companion piece to the "CEO of the Year" list and "Large Companies that May Disappear" series.

  This analysis is based on: 1) one-year and five-year stock performance relative to the major indexes and other companies in the industry, 2) the company's position in its industry both now and over the last five years, 3) whether management made identifiable and critical decisions which hurt the company, 4) a change in the company's relative market strength compared to its competition, and 5) whether the company could have identified mistakes and changed course quickly enough to avoid a catastrophe.

  Some readers will think it is not fair to include companies which have had a recent   Read More...

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• Why Wall Street hates Starbucks

  Posted Mar 30 2008, 05:26 PM by Douglas McIntyre
  Filed under: Intel, AMD, Starbucks
  Rating:

  Starbucks has been a disappointment recently. Same-store sales in the U.S. slowed over the last couple of quarters. The company pushed down its guidance. Founder Howard Schultz kicked out his CEO and took over.

  In late 2006, Starbucks traded over $40. It is well below that now -- under $18 on most days.

  Right as the stock peaked, then-CEO Jim Donald made the audacious statement that the company would eventually have 40,000 stores. On the day he said that Starbucks had 12,440 stores. Looking back, it is almost certain the his prediction had no chance of becoming a reality. But, the $40 share price had gone to his head. He had become delirious with success.   Read More...

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