Starbucks backfills tax room

What Jim Flaherty giveth with a GST reduction, King Starbucks takes away. If you didn’t notice this morning, Starbucks (SBUX:NASDAQ) boosted Latte prices by a nickel.

Wasn’t Starbucks worried about lcompetition from Mickey D’s?

Perhaps Howard Shultz has figured out that whether you pay $3.65 or $4 for a Latte, you’re still going to return to his store the following day. Who needs to worry about selling more jazz CDs if your customers are price insensitive?

MRM