Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 04, 2006

Hot and Not So Hot

We're frying in Mississippi! When I wake up at 3 am, the AC is running. Of course, the heat wave has hit the entire country. To combat the heat, Starbucks started making frozen drinks. My daughter is among their new employees, so I'm learning all their trade secrets. It seems that making these drinks takes longer than pouring a cup of coffee, and this has cost them a little business. I also understand these new fruity drinks are LOADED with calories. SBUX will soon add hot breakfast sandwiches to their lineup, so I'm not concerned about the decline of their franchise. Their product has prestige, and they treat their employees well... a good combination. Another Gen X product is coming under fire, though... Apple. They've been caught in the options scandal, and this may slow their stock climb. Expect to see an IPOD connection as an option on GM products soon-- not your father's oldsmobile. And stocks today? NOT so hot, just flat. Dow -2.24 NASDAQ -7.29 S&P 500 -0.91