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re: SBUX CEO Howard Schultz steps down

Posted on 12/1/16 at 10:50 pm to
Posted by FriscoTiger
Frisco, TX
Member since Aug 2005
3505 posts
Posted on 12/1/16 at 10:50 pm to
Hopefully it drops 3-5% so I can pick up some more at good price.
Posted by 632627
LA
Member since Dec 2011
12790 posts
Posted on 12/2/16 at 8:06 am to
I believe at one point in after hours it dropped 11%....
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 12/2/16 at 9:50 am to
You hope it drops 3-5% so you can get a good entry? You mean like where it was at $51 a month ago before the dividend boost you knew was coming wasn't good enough?
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36765 posts
Posted on 12/2/16 at 5:57 pm to
quote:

Hopefully it drops 3-5% so I can pick up some more at good price.

I wouldn't buy right now until it goes back to its 52 week low. P/e multiple is still high and expected growth is low kind of I think the move of Schultz though makes me more optimistic about growth.


Got a 2% dip today. I'm still up from where I bought in around the 52 week low.
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