Boston Beer Is Back From the Brink; Starbucks Tanks on Tea
In this segment of the Motley Fool Money radio show, host Chris Hill, Million Dollar Portfolio's Jason Moser and Matt Argersinger, and Supernova and Rule Breakers' David Kretzmann look into a couple of big beverage purveyors, starting with the surprisingly good quarterly numbers Boston Beer (NYSE: SAM) served up last week. The brewer has been in a rough patch lately. While other craft beer brands have been growing, it has not. This time around, beverages other than beer gave it a boost -- but can that momentum be maintained?
Meanwhile, Starbucks (NASDAQ: SBUX) turned in a less-than-pleasant report, and revealed it was closing all of its Teavana stores, which sent shares spiraling. Yet the overall results might not have been as bad as the market's reaction would indicate.
A full transcript follows the video.
Source: Fool.com
Starbucks Corp. Stock
With 21 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 100 € there is a positive potential of 45.35% for Starbucks Corp. compared to the current price of 68.8 €.
