Buy Starbucks at Current Price
Starbucks is an excellent business which, in spite of its Q3 results and reduced Q4 guidance, has a tremendous runway for future growth.
With the acquisition of the remaining 50% of stores in Mainland China, Starbucks is placing a huge bet that China will be its next source of revenue.
While fears that the Trump administration may worsen relations with China and has slowed down a number of companies venturing overseas, Starbucks has a history going back 18 years with China and have built mutual respect with one another.
The closing of its Teavana brand also allows the company to sharpen its focus towards what it's known best for: coffee.
Starbucks saw their share price fall 6% after Q3 results and Q4 guidance.
This provide good opportunity to buy the stock at current price of $55.44.
With the acquisition of the remaining 50% of stores in Mainland China, Starbucks is placing a huge bet that China will be its next source of revenue.
While fears that the Trump administration may worsen relations with China and has slowed down a number of companies venturing overseas, Starbucks has a history going back 18 years with China and have built mutual respect with one another.
The closing of its Teavana brand also allows the company to sharpen its focus towards what it's known best for: coffee.
Starbucks saw their share price fall 6% after Q3 results and Q4 guidance.
This provide good opportunity to buy the stock at current price of $55.44.
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