Starbucks Stumbled Hard

www.investing.com/analysis/starbucks-stumbled-hard-200606818

By Tim Knight | Oct 29, 2021 02:33PM ET

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SBUX

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Considering how well Chipotle (NYSE:CMG) has been doing, I mistakenly assumed any completely mediocre provider of edible products would thrive, but it looks like Starbucks (NASDAQ:SBUX) has finally stumbled hard.

Starbucks Chart.

It has a long, long way to go to reach support. Its P/E, incidentally, even after this drop, is at an eye-rolling 48. That is the kind of P/E that, in normal times, would be reserved for a biotech company on the cusp of curing cancer. A company that combines hot water with ground coffee beans should have a P/E of something like 8.

Starbucks Chart.

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Comments (1)

Fungus Amongus FA Nov 01, 2021 1:21PM ET

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check out this guy’s 10/22 article about TSLA .. 🤣🤣 so F funny .. this guy was bearish at 900 tsla , now its almost 1200 … keep reading this garbage will make you go broke

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What Name Nov 01, 2021 1:21PM ET

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Just checked it. Do not see a bear call.

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Starbucks Stumbled Hard

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