Starbucks trade experience
My trade on Starbucks is horrendous. cuz I trade earning period. never do that.
Starbucks is not making money in their investments in China yet as they had grow their exposure too fast and highly competitive from local brands. not only luckin coffee. many other smaller ones are also cheaper and nicer taste. many localised flavours too.
probably will take another year or 2 to see growth. that's why the stock price crashes last earnings.
but it will come back as the brand is strong and once china situation improves. I'm still selling puts, so hope it can go back soon.
Starbucks is not making money in their investments in China yet as they had grow their exposure too fast and highly competitive from local brands. not only luckin coffee. many other smaller ones are also cheaper and nicer taste. many localised flavours too.
probably will take another year or 2 to see growth. that's why the stock price crashes last earnings.
but it will come back as the brand is strong and once china situation improves. I'm still selling puts, so hope it can go back soon.
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Jocki : I bought it when I bought it and now it's up to 77, I don't think there's anything wrong
Learning UncleOP Jocki: there's nothing wrong. what is wrong?
hh488 : Not to worry, Starbuck is like Iphone. There bound to be huge coffee loyal fans worldwide. Unlikely to go away or disappear!