Iconic coffee chain (NASDAQ: SBUX) has been a life-changing investment for many. The Motley Fool's co-founders, David and Tom Gardner, famously picked the stock on daytime television back in July of 1998. Had you invested $30,000 back then, it would be worth over a million dollars today.

The shares aren't so hot right now, trading near their 52-week low. But the market can be irrational from time to time. Buying good companies when they're unfairly out of favor with Wall Street is a great way to make money over the long term.

So what makes Starbucks a magnificent buy today? Here are three reasons.

Continue reading

Source Fool.com