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Starbucks

Posted on 5/1/24 at 3:17 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
14515 posts
Posted on 5/1/24 at 3:17 am
Looking like a new 52 week low this morning. I'm buying this one this morning for a long term hold. Nice paying Div as well.
Posted by Geauxldilocks
Member since Aug 2018
2474 posts
Posted on 5/1/24 at 5:05 am to
quote:

Looking like a new 52 week low this morning. I'm buying this one this morning for a long term hold. Nice paying Div as well.


The CEO blamed “weather” for the downturn in US sales. I’m buying puts as this has further downside, companies that refuse to admit they’ve priced themselves out of the market and blame weather are tone deaf.
Posted by GEAUXT
Member since Nov 2007
29306 posts
Posted on 5/1/24 at 6:07 am to
I would like to think people finally woke up and realized their coffee was terrible.

HOWEVER, on a recent trip to Chicago there was a Starbucks on literally every block in sections of downtown. You can Google map it and see.
Posted by Civildawg
Member since May 2012
8638 posts
Posted on 5/1/24 at 8:14 am to
There are too many other coffee shops now.
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
36278 posts
Posted on 5/1/24 at 11:23 am to
A new fancy coffee chain will be the rage soon and people will think of Starbucks as trashy if they don't already.

Happens over and over in the food industry.

Remember back in the 80s and 90s. Olive garden and Red Lobster were fancy places.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17157 posts
Posted on 5/1/24 at 2:02 pm to
Starbucks doesn't serve coffee.
Posted by DaBeerz
Member since Sep 2004
17041 posts
Posted on 5/1/24 at 2:45 pm to
Certainly sounds like a better investment than the Cracker Barrel dude. I’m not a fan of their coffee, therefore not a buyer… but I kick myself for not buying it around 2008 when it went sub 10

I believe Dutch bros might be the newer trend
This post was edited on 5/1/24 at 2:47 pm
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
16279 posts
Posted on 5/2/24 at 11:33 am to
Look out OP.

The CEO just gave a terrible interview and looked lost.
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