SBUX I know that they have Chipotles old CEO Brian Niccol but how are they up so much right now? It’s up 17.16% this month and they just let go of 1000 people, consumer spending is down and everyone is complaining about their prices and quality. Plus they’re losing China.
I’m not against Starbucks but I just don’t think they should be up so much…
SBUX Bryan Niccol (CEO) is doing EVERYTHING he can to support the stock price… he’s a good CEO though. But sooner or later the true value of the company always will come above ;-) And that’s not at almost 40 P/E 🤷♂️