Starbucks Stock Earnings Crash Update

Рет қаралды 25,774

Value Investing with Sven Carlin, Ph.D.

Күн бұрын

Starbucks stock crashed after the last earnings where the company did not achieve the expected growth. When a growth company stops growing, there is a lot of valuation correction. In the video we discuss whether this is a structural Starbucks issue or just general market headwinds. Also, SBUX stock investing risk and reward.
Previous SBUX video - • Is SBUX Stock A Great ...
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0:00 SBUX Stock Earnings
3:21 Conference Call
8:32 Sbux Stock Outlook

Пікірлер: 236

@HenningYT Ай бұрын

Who else is talking about toilet cleaning lavender in a value investing video? Only Sven does. I've had a good laugh (and learned something). Thank you.

@Value-Investing Ай бұрын

:-))))

@ChristopherSantoro198 Ай бұрын

Another great video, thanks! I think the market is over-heated. And I am concerned that people are focusing less on fundamentals and just chanting the mantra of dollar cost averaging and driving the market higher without considering fundamentals. It is a catch-22 for me. I mean I like stock prices going higher but I also hate buying over-priced stocks and ETFs. Personally, I have stopped buying growth ETFs- they are ridiculously over-valued. Dividend stocks and ETFs are a little better but they are still over-valued. There is some hope with small and mid caps. I am not sure they are undervalued but at least they are less over-valued..This pattern offers a valuable insight for strategic planning. Despite these trends, i have delve deeply into active trading and managed to grow a nest egg of around 100k to a decent 442k in the space of a few months... I'm especially grateful to Kelvin Hurdle, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape

@Edward35014 Ай бұрын

I have seen a lot of Positive posts about Kelvin Hurdle. Please how do I reach him?

@ChristopherSantoro198 Ай бұрын

He mostly interacts on Telegrams, using the user-name.

@ChristopherSantoro198 Ай бұрын

@KelvinHurdle

@ReynaldoMelton Ай бұрын

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

@JoshuaAtkinson260 Ай бұрын

Diversifying your investment portfolio is crucial for managing risks effectively, especially in uncertain times.

@Eline_Meijer Ай бұрын

4 videos in a week? we're getting spoiled. Thank you Sven.

@Value-Investing Ай бұрын

More to come!

@Mark.remarking Ай бұрын

Sven, I was one of your viewers who asked about Starbucks, and you graciously replied before, thank you. I think you nailed it here Sven. They are straying away from their original concept and trying stupid gimmicks to attract new customers. McDonald's and Dominos have tough competition but continue to succeed without cannibalizing their brand too much. The stock is not a value yet, not at 20.

@Value-Investing Ай бұрын

THanks Mark!

@johnc4789 Ай бұрын

The CEO at Starbucks will be the death of the company unless the board can make a quick replacement. Jim Cramer's interview with the CEO shows that the CEO is clueless.

@RoTelnCheese Ай бұрын

Since you’re clued up can you explain what he’s supposed to do in the face of the boycotts?

@johnc4789 Ай бұрын

@@RoTelnCheese He believes that the only problem is that he hasn't properly conveyed the value of Starbucks coffees to customers. Jim Cramer trashed this CEO on that point.

@malekhakim7436 Ай бұрын

Can he even get a full year in before he's kicked to the curb ? Sheesh

@mareksurkala Ай бұрын

@@johnc4789I disagree here. I believe that SEO is very well aware that the cause of the problem is a boycott. But this is too dangerous political minefield and every step is wrong. Hence, the vague corporate bullshit about value.

@johnc4789 Ай бұрын

@@malekhakim7436 When you make it clear to investors in a CNBC interview that you have no clue, I'd say no. We heard what appeared as plain lies. Not working for me.

@FurrKnight Ай бұрын

Excellent update Sven, this is by far my favorite format in which to view your content. It is like ASMR to me, Thank you very much

@Value-Investing Ай бұрын

thanks for sharing that! I think this is the most natural to me: stock analysis

@Lvshwllsh Ай бұрын

Thanks for the quick update Sven! Grazie come sempre!

@anime90s Ай бұрын

Thank you for your insight 🙏 have great day

@doctornuclearum9102 Ай бұрын

What do you think about Axcelis Technologies?

@jakeku2662 Ай бұрын

Thanks for the update!

@Value-Investing Ай бұрын

Any time!

@tsonez Ай бұрын

Thanks for the update Sven!

@Value-Investing Ай бұрын

:-)

@RuurdvdZ Ай бұрын

Could you make a video on LEG? Had a big drop yesterday on the news of a dividend cut and declining quarterly numbers.

@johnristheanswer Ай бұрын

$10 for a coffee - a true bargain .

@Value-Investing Ай бұрын

:-)))

@augustus331 Ай бұрын

I said it before and I’ll say it again: value investors will never visit Starbucks themselves.

@riccardopaolini1882 Ай бұрын

Value investors won't even buy iPhones, but Apple is an amazing company.

@Ali-Muscle Ай бұрын

Really? $10 for a coffee ???

@augustus331 Ай бұрын

@@riccardopaolini1882 I have an iPhone 13 pro that a friend sold to me (used for two weeks) for €600. It's basically new, but I'd never spend the €1250 that it costs on a phone. This was however a value investment.

@friedrichowl Ай бұрын

Thank you Sven.

@lemonsmind2575 Ай бұрын

"Stiven, your channel is an excellent source of information! Your ability to find the latest news never ceases to amaze me. How do you manage to keep track of all those news sources?

@tomasportilho2088 Ай бұрын

hey sven, johnson&johnson are trading at 18 P/E, can you do a video about the stock?

@chrisserna5763 Ай бұрын

The quality is shocking, totally agree, you can get a cup of brown anywhere that tastes the same It's just coffee at the end of the day

@Albannas Ай бұрын

At last i saw not only financial analysis but an insight about how it was in 1912 when starbucks made capuchino - espreso and how their moat have deteriorated nowdays. Good job Sven!

@malekhakim7436 Ай бұрын

1912? 😂

@Value-Investing Ай бұрын

hahahahahah

@andrewsandstrom7694 Ай бұрын

Thanks for the update on this I was hoping you’d put out a video I own 50 shares and was wondering if I should buy the dip

@Value-Investing Ай бұрын

No problem 👍

@lucian2643 Ай бұрын

Thank you for this video too, can you do one on CVS please?

@mnty466 Ай бұрын

Lavender oil is often added to formaldehyde for preservation of anatomical preparations in medschool. Not sure whether it will taste like spring to med students. I have a position in this turn around 🤞

@fepeerreview3150 Ай бұрын

5:16 Yes, when Starbucks started it filled a consumer interest in better coffee. It helped raise the standard. Now every city has much better coffee shops and there's no way they can compete with that in terms of quality. So they've becoming the McDonalds of coffee, coming up with all kinds of high sugar drinks that many of us original customers have no interest in. It's only a matter of time before they are out-competed on sugar drinks as well.

@mylesgray3470 Ай бұрын

I would agree that they are out of touch with trends. People are avoiding sugar and carbs now and Starbucks isn’t really recognizing that with the new drinks they are offering so people just quit going in all together. My wife is one of those. She used to go almost every day, and now, only on road trips.

@tsonez Ай бұрын

@@mylesgray3470 Agree. They should offer more and interesting sugar-free coffee or caffeinated drinks and food. Perhaps team up with some onllne fitness influencers, sports or some energy drink brands. Try something fresh!

@noredbull1 Ай бұрын

There is no Starbucks in my city (capital city in Europe). They were too slow in 90’ies and now there is no room already. Saturated market. Still I am holding few shares bought at 50$. Would add more probably, at pe

@joeg9829 Ай бұрын

This

@DaExxorzist Ай бұрын

What capital are you living in? I would relocate immediately 🤣

@crisd_ Ай бұрын

Hahahahahha, faacts@@DaExxorzist

@Value-Investing Ай бұрын

thanks for sharing!

@robertocortesi4236 Ай бұрын

the raw material of coffee has increased, prices increase at the pump, therefore lower consumption, lower profits

@Value-Investing Ай бұрын

Not a significant input

@magalengo Ай бұрын

Blame it on China, almost always a lame excuse.

@MrSifaperdire Ай бұрын

it's still to be demonstrated that the 13 chinese cups will reach anywhere near the 280 japanese cups. They should have reported other sectors where the comparison held.

@Adrian1arg Ай бұрын

I think you didn't analyze the business model correctly. Starbux's business was to create an experience, not to sell coffee cups, you cannot just compare the price of the cup, of course it will be more expensive

@Value-Investing Ай бұрын

thanks for sharing, but I feel the business is about coffee, the experience is not different

@Adrian1arg Ай бұрын

@@Value-Investing maybe is different depending on the region or country. Here in Costa Rica (a coffe producer country) they are only in premium places, they compete with Juan Valdez, a colombian brand, and Britt, a local. All the three have similar prices. People around those places spend around $50 in a lunch, so they can spend some time in a nice coffe store, with a nice view and pay around $20 is not a problem for this market. Of course you will not see a Starbucks in a low income area, that is why I say it is not a "coffe cup" business

@Erez.Levi.Stocks Ай бұрын

Hello Dear Svan and thanks again! can i ask why you dont talk about the balance sheet of SBUX? The company has a deficit in shareholders' equity and at a quick glance you can see that the dividend and buyback is higher than the company's net profit. Are you looking at this data as well? Thank you so much for all the work you do for us!

@Value-Investing Ай бұрын

for starters I look at cash flows, which are still a no go, then if that gets more interesting we can look at the balance sheet. Keep in mind it is negative because of buybacks.

@Erez.Levi.Stocks Ай бұрын

@@Value-Investing Thanks a lot!

@landi2244 Ай бұрын

Way more room to go down. I'm buying it slowly. Thank you Sven.

@Value-Investing Ай бұрын

thanks

@mylesgray3470 Ай бұрын

Just looking at the long term chart of the stock, this one is a buy.

@patrickshanghai2064 Ай бұрын

in China, the many low-cost brands are not really competing with Starbucks. they rarely have premises, when they do it's mostly quite simple and noisy, most of their orders are mobile phone and delivery. the locals i see in Shanghai are Luckin Coffee, M stand, and Manner coffee. then there are many mom-and-pop coffee shops doing well.

@TheBooban Ай бұрын

I just got back from Indochina region and I know there are other large chains, but Starbucks is my preferred choice in the region. It's a reliable haven for western style coffee and comfort. The div looks pretty good, but maybe they'll cut it.

@tsonez Ай бұрын

The amount of price-conscious coffee drinkers in China is enormous, especially the big city gen-z, and Starbucks has lost much of them to Luckin. I haven't read Luckin's reports and I wouldn't trust them if I did (wink-wink), but the higher their margins, the more likely they'll come after Starbucks. And if they do, I think the outcome is an inevitable, slow and strangling loss of market share and margin.

@tsonez Ай бұрын

I say the previous based on observations I've made in 1st and 2nd tier cities like Chengdu, Chongqing, Beijing, Tianjin and living in China for 3 year. Luckin is everywhere, they are ruthlessly efficient, have enormous acquired customer base, and they sell volumes.

@ussul6524 Ай бұрын

I went for it :-) If it goes lower, I will buy more.

@Value-Investing Ай бұрын

Make sure to manage the ups and downs

@klub3586 Ай бұрын

I remember Svan and everyone else said for Meta that at 200 usd is overvalued. Now Meta is closer to 500. Starbucks is a brand its not coffee. Same as you dont go to MCD for burger.

@hekimhakan3909 Ай бұрын

@Value-Investing Ай бұрын

yes, but Meta increased FCF from 12 to 48 billion, a difference compared to Sbux

@klub3586 Ай бұрын

In that time when it was falling from 250 to 86 it didnt increase:) it did later :)

@klub3586 21 күн бұрын

Regards for Sven from Starbucks 71usd per share and now 81usd. In less than a month. Thanks

@klub3586 3 күн бұрын

Starbucks up 15% :)

@Politik-mit-Kopf Ай бұрын

5:44 exactly my thinking when seeing their products

@Value-Investing Ай бұрын

:-)

@mylesgray3470 Ай бұрын

I don’t go to Starbucks anymore because I can’t tolerate Caffeine anymore and I’m far from the only one. In fact, a huge portion of older people are like me yet when you want decaf there, you have a single option if any and are forced to wait 15+ minutes. This is a huge opportunity for them to embrace decaf across their menu.

@nunoduarte8984 Ай бұрын

Could you do CVS health Please?

@T0mkisss Ай бұрын

Thanks Sven. Their CFO went on yahoo finance and did not sound neither clear about the issues nor smart in general. Waffle and spin... Having said that, they've been able to return 5-7bn to shareholders in multiple years through dividends and buybacks and if their business stabilises they'll be returning 6-8% (on 75bn) plus store growth and inflation. We will soon find out whether Starbucks is the type of business "that an idiot could run, because eventually one will".

@Value-Investing Ай бұрын

that is correct

@michaelday8838 Ай бұрын

I won’t be surprised if Bill Ackman starts buying this soon.

@LawStephOfficial Ай бұрын

"...Con un po' di pane..." Love you when you speak italian! 😀

@Value-Investing Ай бұрын

grazie :-)

@Spura83 Ай бұрын

Did not expect Petrol gas station coffee station image to show up haha.

@Value-Investing Ай бұрын

:-)))

@extr4I8gfDJkDH7l Ай бұрын

I am looking for 1 dollar coffe, Starbacks or not. And they can put their rewards up their ars .

@Value-Investing Ай бұрын

:-)))

@Viv8ldi Ай бұрын

Does it make sense to buy a starbucks share now as a beginner to get some experience?

@Value-Investing Ай бұрын

If you want to learn it as a businesd

@Viv8ldi Ай бұрын

@@Value-Investing thank you sir

@gordonchang2755 Ай бұрын

I do think SBUX CEO might not understand SBUX culture, starbucks is not about value for money (up to a certain price point), its not about 50 different drinks with bubble tea names. Starbucks is about providing a cosy and comfortable cafe environment for customers to meet and hangout, that's why people pay premium for their coffee to hangout in their outlets, normally their outlets are located in the most visible parts of the foot traffic. Starbucks is the only specialized coffee co. without coffee scents in ther outlets and nowadays they provide wooden bench for their customers and the customers decided that there is no point in paying premium as there are plenty of alternatives available with cosy, comfortable chairs and with genuinely nice coffee scents.

@WillemClub Ай бұрын

The times people considered themselves a fan of this business are over. I almost hear no one still being enthusiastic about their products

@Value-Investing Ай бұрын

Thanks for sharing

@elrevesyelderecho Ай бұрын

5:42 Basic Marketing principals Rule No 12. The Law of Line Extension: Extending your brand into too many variations dilutes its power. Focus on core strengths. - 22 Immutable Laws of Marketing defined by Al Ries and Jack Trout

@Value-Investing Ай бұрын

excellent point

@gaseousclay6126 Ай бұрын

The coffee is terrible and the service is not very good. Also, they are not letting employees unionize and creating a lot of negative affects on potential customers. They involvement in the Middle East conflict is also an issue. I would stay away from the stock until the desk settles down. More importantly, $10 for a drink is too much.

@Value-Investing Ай бұрын

thanks for sharing!

@123slimgym Ай бұрын

Just came back from Japan and the Starbucks there are absolutely packed with people and business is booming. Also prices are much lower than in North America and Europe so there is room for increase

@Value-Investing Ай бұрын

or room to decrease in Europe and US :-)

@123slimgym Ай бұрын

@@Value-Investing also true haha

@MrDrunkNFunky Ай бұрын

I like the commentary you have on the cannibalisation of the brand. I don't want to drink flowers from a cafe. I want coffee.

@Value-Investing Ай бұрын

:-)))

@davidford8539 Ай бұрын

Sven, my daughter is not a coffee drinker but loves the peach iced tea….so don’t discount too much these other products…..she is hooked!

@_mklein Ай бұрын

Exactly! Is a great range that attracts non coffee drinkers to the stores!

@TheScaryGermanGuy Ай бұрын

Can't you buy peach ice tea in every super market?

@ZelenoJabko Ай бұрын

Kava na poti. Nice.

@Deepzombie Ай бұрын

It’s a strong brand, folks use Starbucks cups as accessories. I would prefer investing in Starbucks compared to Coke. My kids love the drinks at Starbucks too so that’s for the future. For now I will wait but I think 15pe is unlikely but I’m in no hurry.

@Value-Investing Ай бұрын

thanks for sharing

@MrDboydeluxe Ай бұрын

I swear I must be the ONLY investor in the world that isn’t jumping for joy that my Starbucks investment just lost 20%. I’m not one bit giddy and happy about it, I’m pissed off to tell you the truth. and next quarter when it drops another 20% into the 50’s I’m not going to be singing…ewww Starbucks is on sale once again!! 🎶🎶 had to get it off my chest….

@Value-Investing Ай бұрын

:-)))

@thefrozengoat Ай бұрын

you had me at "toilet-cleaning lavender products."

@Value-Investing Ай бұрын

:-)

@tomliu6358 Ай бұрын

Need its founder back to the helm

@Value-Investing Ай бұрын

didn't then try that a while ago?

@hansschotterradler3772 Ай бұрын

surprise, surprise; people are no longer willing to pay $7 for hot brown water.

@Value-Investing Ай бұрын

:-))

@johnnyvegas4583 Ай бұрын

2.65 for a tall coffee with cream, just checked

@hansschotterradler3772 Ай бұрын

@@johnnyvegas4583 I remember days when the venti was under $2.

@roberttorrance731 Ай бұрын

The CEO is out of his depth. I’d rather have a Nespresso latte or cappuccino or my amazing French press with Barraca Batangas for pennies a cup vs $$$ for mediocrity that takes 5-10 minutes to get.

@tailsdarcy Ай бұрын

I bought the lavender frappachino and it tasted like soap :)

@Value-Investing Ай бұрын

hahahaha

@yufachan6712 Ай бұрын

I’m Chinese but living in Sydney. The recent times I go back to China, when we craved for coffee, we’d go to some local boutique coffee shops, which aren’t hard to find even in 3rd tier cities. And they do taste good, not like Australian good but decent enough! If we want some flashy sugary water, there are just too many good choices…

@user-lj8ep9yc4u Ай бұрын

Bingo

@1ZEROSUMGAME Ай бұрын

I'm doing my part. One of my New years resolutions. Quit Starbucks. Save a hole lot of money. Plus, coffee is bad for your health anyway

@Value-Investing Ай бұрын

especially Starbucks coffee

@derekporras4428 Ай бұрын

Do you think the boycotts play into effect for the lower than expected growth?

@RoTelnCheese Ай бұрын

Shh don’t talk about. Let’s pretend there’s no elephant in the room.

@Value-Investing Ай бұрын

I am not in the US, so don't know how it works there, but China is down 12%, so there is something going on there too

@martinithechobit Ай бұрын

I am in.

@Value-Investing Ай бұрын

you know the risk and reward and why, plus you must have a strategy

@ExilSvensk Ай бұрын

They way the economy is going in the US, inflation sky high, fast food franchisees complaining about low sales, especially from the lower income bracket, but also among middle income families, Starbucks won't have it much better. People will always pick food over coffee if they have to make a decision so pretty safe to assume that they're in for a rocky ride.

@mylesgray3470 Ай бұрын

Inflation is still high, despite consumers pulling back on spending. It’s the setup to a major recession. Same thing happened in 2008. I remember it well.

@pedromiguel-fs7ux Ай бұрын

But 2008 was a financial crisis caused by banks overlending. Last few years the credit is more restricted, at least some national banks have set minimal requirements to be able to access a mortgage, do you still think 2008 will repeat itself again? (honest question I was at high school then)

@JustAlf87 17 күн бұрын

I think most people, at least in the US, are starting to pull back on unnecessary spending. Covid got people used to spending carelessly. Now that excess stimulus savings are starting to dwindle, consumers are starting to max out their credit cards. What do you think is coming next for the consumer, Sven?

@Value-Investing 16 күн бұрын

time will tell, hard to predict!

@_mklein Ай бұрын

I am a coffee drinker only but I think the big range of drink attracts a lot of people - non coffee drinkers and kids

@TheMafuri Ай бұрын

I'll consider buying under 60$. For me it looks like it will go lower and lower this year. Economy in the US and in China doesn't look good and families are clearly spending less. You can drink coffee at home and it costs less than 0,5$ for a cup.

@tropik5724 Ай бұрын

I hope it goes to 50.

@igorvalle6050 Ай бұрын

Coffe price goes up 50 % on the last 6 months . Also this is a small contribution to reduce earnings

@Value-Investing Ай бұрын

thanks for sharing

@MrSlurrpy Ай бұрын

I keep thinking Starbucks is not sustainble (I mean who the hell pays double digit for a cup of hot s***) both from investment and consumption perspective, but everytime I past by a store in my area, it is always full with good volume. I mean personally I don't understand the company, their products and what they stand for but deep down I know that it probably isn't going anywhere any time soon.

@horadrim3903 Ай бұрын

Starbucks just trying to innovate with the new drinks. I mean who knew Pumpkin Spice Latte would be a thing every fall? That in itself became a viral meme (meme that reminds people to buy PSL at Starbucks). If they don't try, they wouldn't know what works. This is imo the value play of 2024. It may not give the V shape recovery, but this will bounce.

@inigo2531 Ай бұрын

Customer cautious = Gaza Boycott. If that is the case, it will be a transitory headwind. In China it’s a completely different story.

@RashidRasul Ай бұрын

I wouldn't be so sure about it being transitory. Many muslims (and there are approx. 2bn) will never buy Starbucks again. I know I and my friends and family haven't for many years and will not ever again.

@inigo2531 Ай бұрын

@@RashidRasul But if you hadn’t been there for years then this is not applying in your case, isn’t it? I mean, obviously you are not one of those occasional customers they are referring to. In my view, whenever the situation ends, all end’s up being a matter of time.

@RashidRasul Ай бұрын

@@inigo2531 I used to be a regular customer along with friends. But the occupation is not new and once we became aware of their support, we stopped spending there. A lot more people aware now than before and may do as we did. There are alternatives.

@ilanpervil8906 Ай бұрын

🖕Gaza

@baigani0 Ай бұрын

I bought at 73, will di it at 63

@Xoq123 Ай бұрын

I‘m shameless, so: CVS Health next please 👀

@Value-Investing Ай бұрын

Will have to do!

@gyip6146 Ай бұрын

Starbucks needs to compete against tea, which is apart of Chinese culture.

@Value-Investing Ай бұрын

that is correct

@ADobbin1 Ай бұрын

surprise surprise. No one is buying 12 dollar coffees anymore. Can't imagine why....

@Value-Investing Ай бұрын

:-)))

@zhengfuukusheng9238 Ай бұрын

Toilet cleaning lavender. Starbucks expands into the household goods sector LOL

@Reza16888 Ай бұрын

$50? You will wait for that until the cows come home!

@Value-Investing Ай бұрын

:-))

@karsinds Ай бұрын

I live in Mexico and here Starbucks are crowded as usual, people loves Starbucks. There isn't China only, Starbucks is a global brand. In my opinion Mr. Market overreacted on a not-so-good report, but headwinds are only temporary. SBUX is a good value for investors.

@Value-Investing Ай бұрын

thanks for sharing

@enricoforza7 Ай бұрын

in China there's Stalbax

@Value-Investing Ай бұрын

hahahaaha

@dredoctor8271 Ай бұрын

If Sven answers on your comment with two underchins :-))) than you are right. If he answers with one underchin :- )) you might be wrong. With 4chins he is just trolling around, be aware. 8 * )

@123koby Ай бұрын

Update about intc

@Value-Investing Ай бұрын

tomorrow

@123koby Ай бұрын

@@Value-Investing nisi zvucao pozitivno o INTC kao ranije.

@user-lj8ep9yc4u Ай бұрын

When I go out for a coffee it's a boutique shop. They're everywhere, Aro nd every corner in Canada. The food is significantly better, so is the roast, and the price is the same. Specialty coffee is a commodity, like Sven said, gas stations can make lattes out of machines at half the price. People in the comments think people dont want to pay 10$ for a coffee.. wrong.. i don't care, it just won't be a Starbucks. I think its a rough road ahead for Starbucks, they've lost Brand prestige and pricing power.

@Value-Investing Ай бұрын

that is about it!

@YoLo-sq8kq Ай бұрын

Maybe if they should try to pick up their phones

@Value-Investing Ай бұрын

:-))

@tnssamir Ай бұрын

All respect to all boycotters! You are in the right path, they feel the pain of your actions

@Value-Investing Ай бұрын

thanks for sharing

@ufopiloot Ай бұрын

again...not for me

@Value-Investing Ай бұрын

Thanks for sharing!

@naysayer8383 Ай бұрын

Sorry, I bought few today. 😂

@Value-Investing Ай бұрын

:-)

@erikm9768 Ай бұрын

I mean its not like a i will buy a coffee and a lavender drink, whatever that is, ... so its def cannibalizing

@GHIBaal Ай бұрын

I am looking for a Coffe not some Lavender Toilet Cleaning Matcha 😂😂

@tonikang11 Ай бұрын

SBUX is a recession indicator. The stock will recover when the economy recover.

@Value-Investing Ай бұрын

thanks for sharing!

@benixmaximus Ай бұрын

What's their moat? Their coffee is horrible in my opinion. I agree a PE of 10 is when I would be interested

@Value-Investing Ай бұрын

You said it all!!!

@ilforestiero1 Ай бұрын

Con un pó di pane 🤣🤣🤣

@Value-Investing Ай бұрын

:-)))

@apc9714 Ай бұрын

Brand is cool but a business selling coffe for 8$ doesn't look impossible to compete with. No MOAT here

@Value-Investing Ай бұрын

Good point

@michaelday8838 Ай бұрын

I think there is a huge moat here. The brand is the moat. Every SBUX store I drive by every morning is packed with Instagram Karen’s.

@TheScaryGermanGuy Ай бұрын

@@michaelday8838 😀 Another reason to avoid the stores.

@NOXkaz Ай бұрын

@@michaelday8838 Dunkin Donuts is a competitor. They do about the same level of business as SB in my area. Better food imo. Not to mention local organic coffee chains that can compete on both quality and price. Amazon has a huge moat, not this one. But yeah the white women love it, I'd buy at a much cheaper price.

@NOXkaz Ай бұрын

@@michaelday8838 Dunkin is also much much much better about drive thru accessibility on their locations.