SBUX is selling at the cheapest and most attractive multiples in over a decade
$Starbucks(SBUX)$ on track for its biggest gain in history.
$Starbucks(SBUX)$ is up 23% after stealing $Chipotle Mexican Grill(CMG)$ CEO Brian Niccol.
What does this tell us?
A lot of the drop in share price from $Starbucks(SBUX)$ came from a simple lack of confidence in leadership.
Investors hadn’t forgotten the horrendous post earnings report interview with Jim Cramer a few months ago.
With sales down, worldwide and declining margins, let’s see if $Starbucks(SBUX)$ can truly get this turned around.
”Currently $Starbucks(SBUX)$ is selling at the cheapest and most attractive multiples that we've seen in over a decade.”
On Monday I swung 2 $Starbucks(SBUX)$ calls into close that were only .20 cents.
Then on Tuesday, they opened up like this. Always when u play it safe you hit a crazy bag[Facepalm]
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