Best of StockTwits: Not feeling like a million StarbucksJune 5, 2012: 2:00 PM ET
Investors seem disappointed that Starbucks didn't make a bolder move. Green Mountain (GMCR) investors are clearly not happy that the bakery news did not involve K-Cups. And Panera (PNRA) longs curiously shrugged off any concerns about Starbucks encroaching on its turf.
Starbucks has tried food before ... with limited success. But it's clear that the company is not resting on its laurels after the stock hit a new all-time high earlier this year. I think CEO Howard Schultz deserves credit fore realizing that Starbucks has to diversify before it's too late.
Now now. Netflix has had its share of problems but this isn't a company that's going away anytime soon. Still, building its own content delivery network (or Internet backbone if you will) will likely be costly. It's telling that shares of Netflix were lower Tuesday. But investors in Netfflix's new rivals are even more scared. Akamai (AKAM) and Limelight (LLNW) both plunged.