I'm not trying to be mean, I just don't understand why it costs so much. The annual dividend is .84; you can get .76 from GE and that stock only costs $23.46. I know the dividend keeps increasing but it has a long way to go before the dividend justifies $64.13. SBUX could be viewed as a growth stock as the economy recovers. However, SBUX already costs substantially more than pre-recession levels and it i unlikely to get any bigger than it was (and if it does get bigger, it's unlikely to become much bigger). I understand there are growth opportunities oversees but why would a stock like SBUX have a PE Ratio of 32.59? Please explain. Thanks.
Because if you are a long term investor like I am, I have been doing this 40 plus years,5 to 10 years from now
IMHO this stock will look dirt cheap at these prices. People worry to much about short term problems, look at the development in the US and the world over the past 50 years, if you missed investing, you missed the boat, relax, go to SBUX and have a cup of coffee, it will be good for me !!!