SBUX Bryan Niccol (CEO) is doing EVERYTHING he can to support the stock price… he’s a good CEO though. But sooner or later the true value of the company always will come above ;-) And that’s not at almost 40 P/E 🤷♂️
SPY anticipation is so palpable, everyone’s quiet waiting till 2pm/close, between FOMC and big tech earnings. META has been ripping up all day pre-earnings, kinda bummed I didn’t grab those calls I was eyeing. SBUX killed earnings had a feeling they were doing well
SBUX the company is Bankrupt yet the price of the share is propped up because of the profits and dividend. Increased competition from inexpensive stores weigh on toplines and margins.