INVESTING: Caffeine-crazed investors may want to lay off Starbucks
You people must drink coffee. And a lot of it. That’s the only reason I can find that Starbucks would open another store within a few hundred yards of two existing locations. And I am not talking about Manhattan, where 12 million people walk around on any given business day. This is happening in downtown Indianapolis, where midweek foot traffic might reach a few hundred thousand. Here is what I wrote about Starbucks in mid-February: “The near-term risk in Starbucks…