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Starbucks Corporation (SBUX) [hlAlert]

Rating:
Buy SBUX
up 508.81 %

Starbucks Corporation (SBUX) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:36 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy Starbucks Corporation (NASDAQ: SBUX) on 01/07/2008, when the stock price was $9.19.
Since then, Starbucks Corporation has gained 508.81% as of 10/30/2015's recent price of $55.95.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on SBUX, you would have gained 508.81% of your investment in 2853 days.

Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related accessories and equipment primarily through its company-operated retail stores. In addition to sales through our company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. The Company plans to continue to rapidly expand its retail operations, grow its specialty sales and other operations, and selectively pursue opportunities to leverage the Starbucks brand through the introduction of new products and the development of new distribution channels.

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
9.19
as of 12/24/2008
1 Week up  12.02 %
1 Month up  19.66 %
3 Months up  48.78 %
1 YTD up  42.81 %

(*) Stock Price at the time of the recommendation.
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