I personally don’t know how much profit SBUX will bring home from China. I know they will need to be open with the regulators in China. They won’t be able to do as the did in the UK.
It is pretty difficult to take dollars out of China, companies need to be very creative to bring the cash back home
I also know it will take a lot of patience.
SBUX has had a remakrkable run from the $7/share in 2008. Almost a 10 bagger.
It reached $40 in2006 then dropped to $7 in 2008. I don’t have the patience for another bubble.
I have no idea how high this can go, but from all appearances it is in another bubble.
I’m out. I enjoyed the run in PEETS, but now it’s time for a coffee break!!!