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Readers Brew New Starbucks Angle

05/05/08 - 09:09 AM EDT

Marek Fuchs

That is where over four dozen readers and viewers (crayon writers not included, you little devils) weighed in with passionate thoughts, sometimes delivered in pithy notes, some in near tomes. (Please know that though I get a lot of mail, I value it greatly and will always answer...eventually.)

Maven-reader consensus seems to lean toward the concept of last week's earnings comparison defining Starbucks as the new GapGPS. In other words: a company that had a good basic business before turning overgrown. Others caught on and offered the same basics. Even as the overgrown giant promised to catch their groove again by returning to basics, they were too unwieldy and, besides, others were now there, right where they used to be.

J.B. Hoover started by accusing me of over analyzing, ignoring that fact that I was, in fact, failing to analyze by turning it over to readers. But I'll forgive anyone with the courage to tilt against the coffee innovator while living in "Starbucks Central" as he calls his home of Seattle, Wash. To Hoover's eye, it's the taste, dummy. "Anybody with a discriminating palate will tell you this," he wrote, echoing a surprisingly large number of letter writers many of whom, like Ken Oakes, complained about the stronger taste of Starbucks: "how about a choice between a coffee so bitter you have to buy an overpriced cookie to help get it down or just a nice mellow cup you can enjoy without worrying about it eating the enamel off your dentures?" At least Ken doesn't have to worry about cavities from the cookies.

At the time of publication, Fuchs had no positions in any of the stocks mentioned in this column.

Marek Fuchs was a stockbroker for Shearson Lehman Brothers and a money manager before becoming a journalist who wrote The New York Times' "County Lines" column for six years. He also did back-up beat coverage of The New York Knicks for the paper's Sports section for two seasons and covered other professional and collegiate sports. He has contributed frequently to many of the Times' other sections, including National, Metro, Escapes, Style, Real Estate, Arts & Leisure, Travel, Money & Business, Circuits and the Op-Ed Page. For his "Business Press Maven" column on how business and finance are covered by the media, Fuchs was named best business journalist critic in the nation by the Talking Biz website at The University of North Carolina School of Journalism and Mass Communication. Fuchs is a frequent speaker on the business media, in venues ranging from National Public Radio to the annual conference of the Society of American Business Editors and Writers. Fuchs appreciates your feedback; click here to send him an email.


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