walt17jr
 |
No! The economy is suffering, which means many people are cutting back on things like high priced cups of coffee. That trend will continue for some time. Starbucks is also facing increased competition from McDonald's and others.
The latest earnings isn't what counts. It is the expectation. And Starbucks is going to have a difficult time producing higher earnings numbers. The stock "may" bounce some. But it will be a long time before it makes a real rise. |
|
techbankguy
|
In short... no.
They announced reduced 2008 earnings today so the stock is gonna free fall a bit, most likely
From a charting perspective, the bottom is dropping out and there's more falling to do.
From a fundamentals perspective, it's not terribly different than the rest of its industry and it's growth is much more below average.
You could watch it for awhile and see if it lands. This one could take quite awhile before anything happens.
Keep in mind... this is only my opinion, but i hope it helps. |
|
#1 New York Yankees Fan
 |
Starbuck is currently one of the best stocks to buy at the moment along with Google no matter how low it is at the moment.
Starbucks will pull out of it since Christmas is approaching and coffee will be drank more and Starbuck gift packs and gift cards will be bought by the millions to be given out to teachers, friends, relitives, bus drivers, or anyone who makes someone smile. |
|
Mr. Prefect
|
Starbucks reported that for the first time, traffic was down from year earlier. With the credit problems in the economy, and its probably continuance in 2008, Starbucks looks overpriced. |
|
voluntarheel
|
Actually its at a 3 year low - and there is a reason for that - fewer customers and reduced earnings. I'd wait for it to start going up a bit before I decided to purchase. |
|
pumpdatiron
 |
No. Stock has more downside. Sales are down. I'd wait for next quarter report for better news on sales/profit. |
|
Obamahood, spread the wealth!
|
No, much better consumer companies out there. Look at Gamestop or Costco. Its all about the earnings, present and future. |
|
alexttlyrocks
 |
yes I think starbucks is a great buy. I just invested 700 hundred dollars in it...you may think thats not much but it is.
my portfolio is worth 2,500..again not much..but in the past years (im 15) I have grown my portfolio 150%..so I know what im doing..(my dad has taught me how to invest..he does this for a living so yes he knows what he's doing) next year starbucks plans to open 2,500 stores worldwide..they are growing very steadily and there stock is down from $40 to $23 dollars in a little over a year..I strongly recomend starbucks. |
|
bud68
|
I don't think Starbucks is a good buy because they are reaching market saturation. |
|
Cincinnati Convect
 |
i thought they were at their highest point? |
|
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
