3 Reasons I am Bullish on Starbucks
Starbucks (NASDAQ: SBUX) has been one of the all-time great investments with shares of the world's largest coffee chain returning over 17,000% since its debut 30 years ago in 1992 .
But the year of its 30th anniversary of going public hasn't been kind to the Seattle-based company thus far with shares down 33% year to date and nearly 40% off their 52-week highs. The shares have slumped because of inflation (both wage- and commodity-related), staffing issues, and tensions with employees who are seeking to unionize. The strict lockdowns in China, which brought business there to a screeching halt, did not help matters either since this is a market where Starbucks has a large presence.
So is this dip a sign that Starbucks is past its peak or a chance to buy an all-time great growth stock at a discount before it gets back to its winning ways? Here are the top three reasons I am bullish on Starbucks.
Source Fool.com
