Would not Starbucks be an interesting candidate with Howard Schultz coming back to run the company? I'll watch this one.
I bought SBUX today, buying a call option and selling a put, with 2009 expiry.
My position is covered, just a bull spread to be safe ;-)
Sbux reported earnings. Stock dropping. Those on fastmoney say buy it at $18.
I still think this is a turn around candidate. All they need is a catalyst. A bottom seems to be in.
Possible inverse H&S
When I go long so does the stock... 8)
Still a great company....at price discount...changes along the way will help...this is another winner to have in your portfolio...a must have...going up from here...turning around!
52wk Range: 7.06 - 18.56
Volume: 17,483,582
Avg Vol (3m): 14,182,600
Market Cap: 10.59B
P/E (ttm): 120.92
EPS (ttm): 0.12
Div & Yield: N/A (N/A)
Technicals
Most Actives
Last Price Quote is:
7.50%above 13-day MA
14.74%above 50-day MA
RS Rating: 74
Fundamentals
Key Data:
Market Cap (M): $9,566.70
P/E Ratio: 109.41
PEG Ratio: 1.17576
Next Earnings: 07/22/2009
Last Analyst Rating: Hold