Starbucks Still Outside of Value-Land (SBUX)

Retail

Published: November 17, 2008 2:49 pm

Last Updated: April 28, 2020 5:29 am

Starbucks_logo Starbucks Corp. (NASDAQ: SBUX) is a stock which we get asked about constantly by our readers. Now that the price is at a certain point, we have finally been able to cover this stock in our weekly stock newsletter called "10 Stocks Under $10" which was sent to subscribers via email last night. Below is a partial synopsis:

We started pondering the value as two companies with NorthAmerica’s mature market as an earnings play and with the internationalside of the business. We still think that this could be a workinglong-term strategy.

But we have looked over the results, the market, and appliedeverything we can come up with on forward valuations and more.

Starbucks could see its shares go down to $7.50 before deep valueinvestors out there start to say, "Hey, this thing has gotten dirtcheap even with all of the problems out there."

If the market recovers handily, then we’d expect to see it trade up but maybe not as much as the broader market. Stay patient, as you’ll likely see this one get a tad lower.

Jon C. Ogg
November 17, 2008

Get Ready To Retire ^(Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.