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COFFEE, ANYONE
Rating: 0.33 (3 votes)
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Who dosen't like Starbucks Coffee. Well me for one, but, I must be one of few. Theres a Starbucks on near every corner and there all busy. Also you can't turn your back on the Chinese Market. I can't say Starbucks In Chinese but it spells profit. Theres a lot of fair argument that Starbucks was a momentum stock but, with the past stock market sell off the price surely could not go any lower. They have rising EPS growth. Same store numbers remain steady. Growth through out China is yet to be seen as a profitale move but, with the right management its hard to see a bad there. The stock price has seemed to level off and may be a time to buy. I bought last week when the price was $17. but its been there before 3 times this month but not since 2004 before that. In 2003 it was a $10 stock. The stock carries a 5 star stong buy S&P rating. This stock has been a favorite of many analysts and investors alike because it is a good solid stock with growth potential. I personally would like to see more fresh food sales but there must be reasonng behind it not being available to consumers at the stores. I read somewhere they were going to offer more point of sale food items, but how many cupcakes can one eat everyday ? However, if the growth in China reflects that of the US, This stock should begin its recovery to leadership rather quickly. On the other hand it would not take much bad news for SBUX to become a $10 stock agian. Perhaps the sell off of stock by insiders could do it. Theres been the planned sale of 217,800 shares this year so far. or not. The stock has had a lot of resistence on the way down and now at $18 it seems to have found bottom. The numbers look good but, it wouldn't hurt to wait a while and see if the buyimg continues or the stock faulters. I say buy but if your not prepared to sell quickly and cut your losses than wait a week or two and give it a chance to fly or die. Good Luck to all, | ||
Comments (2)
Aren't you assuming that the Chinese like coffee? They've got 3000 years of tea drinking behind their belt - I don't think they'll jettison all of that simply because of a frappuchino half-caf with a lemon twist..
I'll be the first to admit I don't know if you're right or wrong, but I wouldn't bank on tea drinking declining anytime soon.
Posted by Keith Barton | February 24, 2008 9:42 PM
Thanks Mr Barton for your commrnts, they are always entertaining,
Well Mr Barton, I am only assumming that Starbucks did some sort of product placement Research before they invested a couple million dallors in China. Certainly its been my experience that coffee sells well in Shanghai Personally I don't care if they serve warm water fish head juice as long as it turns a profit. I read somewhere that perhaps they would serve suchi and rice wine.
Really they started with raw octipuss
Now that you sparked my imagination, I'll call and see what they plan to sell.
Ric
Posted by Ric Bottorf | February 25, 2008 12:20 AM