STARBUCKS UPDATE
Starbucks released their numbers. I like it. It's still a growing company with great margins and people still love the product even with the increase in price.
The stock is dropping because traffic fell in the U.S. Well, we all so that coming witht he current state of the economy. The 1 percent drop in traffic at stores open at least 13 months marked the first time the company has seen such a decline.
But the drop in traffic was upset by a 5 percent increase in transaction value. Traffic is still growing outside the U.S.
Go here for details.
Like I said, the drop in stock price only presents a buying opportunity. The company is growing. The current economic downturn will ease as the housing woes die down.
Buy as the stock price drops towards the lower end of our $20-$25 range.
It may go lower than $20, so don't commit all your funds at once.
Starbucks released their numbers. I like it. It's still a growing company with great margins and people still love the product even with the increase in price.
The stock is dropping because traffic fell in the U.S. Well, we all so that coming witht he current state of the economy. The 1 percent drop in traffic at stores open at least 13 months marked the first time the company has seen such a decline.
But the drop in traffic was upset by a 5 percent increase in transaction value. Traffic is still growing outside the U.S.
Go here for details.
Like I said, the drop in stock price only presents a buying opportunity. The company is growing. The current economic downturn will ease as the housing woes die down.
Buy as the stock price drops towards the lower end of our $20-$25 range.
It may go lower than $20, so don't commit all your funds at once.
posted by Shegun at
10:09 AM
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