Market Update: Peet’s Coffee & Tea (NASDAQ:PEET), Starbucks (NASDAQ:SBUX), General Electric (NYSE:GE), Nasdaq OMX (NASDAQ:NDAQ), NYSE Euronext (NYSE:NYX)
March 16, 2011 at 10:52 AM EDT
Peet’s Coffee & Tea (NASDAQ:PEET) has more in common with Starbucks (NASDAQ:SBUX) than their well-roasted flagship beverages; the two companies share an origin story. The three founders of Starbucks modeled their coffee-roasting company on Peet’s, and bought their beans from Alfred Peet in 1971. The Seattleites grew more quickly than their Californian kin, however, . . . → Read More: Market Update: Peet’s Coffee & Tea (NASDAQ:PEET), Starbucks (NASDAQ:SBUX), General Electric (NYSE:GE), Nasdaq OMX (NASDAQ:NDAQ), NYSE Euronext (NYSE:NYX)
