Starbucks’ stock price serves up a buying opportunity
Next time you’re at Starbucks (SBUX) waiting for that $5.45 short caramel macchiato with an extra shot, you might consider spending your money on what may be a better bargain: a tall order of the company’s stock.
A punishing blend of pandemic-related forces has pushed the stock of the world’s largest premium coffee seller down to levels last seen during the fall of 2020 when lockdown restrictions were still in force. That turned out to be a great time to scoop up shares, as they rose to a record high of $126.32 less than a year later when the world started to reopen following the pandemic’s first wave.
Now investors are presented with another buying opportunity. Starbucks shares closed at US$90.03 on Friday, that’s up from their…
