A lot of readers asked why I didn't research Starbucks before recommending a new client sell it. It's a fair question that merits a thoughtful reply. The stock's price-to-earnings multiple is 19 which is comparable to that of the S&P 500. A company without a clear growth plan trading at a market multiple is not a compelling investment. To be compelling, the stock would have to be a lot cheaper, or the CEO has put forth a credible plan ...
Go to Profile
Mark as Read