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November 20, 2012
09:50 EDTSBUX, TEAIndependent lab tests indicate Teavana teas contain pesticides, says Glaucus
Glaucus Research sent thirteen of Teavana's (TEA) most popular teas to an accredited lab in Germany for testing. The results indicate Teavana's teas contain pesticides in the amounts that exceed U.S. and EU regulatory limits. Glaucus believes Starbucks (SBUX) is buying a "massive liability" in Teavana given the Federal Trade Act and state consumer protection laws prohibit deceptive marketing and notes Teavana markets its teas as either "Organic" or "European Organic." The firm believes Starbucks has been deceived by Teavana's statements and will eventually walk away from the transaction. Glaucus rates Teavana a Strong Sell.
News For TEA;SBUX From The Last 14 Days
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May 29, 2015
10:01 EDTSBUXOn The Fly: Analyst Initiation Summary
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06:30 EDTSBUXStarbucks initiated with a Buy at Deutsche Bank
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May 27, 2015
15:53 EDTSBUXStarbucks CEO says he's 'not going anywhere'
15:19 EDTSBUXStarbucks CEO says mobile payments exceeding company expectations
15:15 EDTSBUXStarbucks sees Teavana gaining traction
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May 20, 2015
08:18 EDTSBUXKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
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May 18, 2015
17:07 EDTSBUXStarbucks establishes music partnership with Spotify
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09:00 EDTSBUXStarbucks management to meet with JPMorgan
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