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Starbucks Expansion to Reach Bulgaria, Portugal

Written by Jason Martin on December 21st, 2007

Starbucks Stock On Wednesday Starbucks (SYMBOL: SBUX) announced that it plans to expand its European operations in 2008.

Currently, two stores are planned. Sofia will be the base for the Bulgarian store and Lisbon will be home for the Portuguese store.

Starbucks didn’t announce opening dates, but this may be the first of many as the company looked to extend its leverage overseas.

The news comes as Starbucks’ stock at least temporarily halted its freefall. Three months ago the stock was near $30. This week it neared $20.

Starbucks Expansion to Reach Bulgaria, Portugal

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My name is Jason Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.

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