The company is strong and is expanding faster than ever. It is in the correction phase and soon will recover. The stock pattern has the same pattern as DELL or the "W" phase with the second downward move almost to an end. This stock will rise in one or two days and there is nothing stopping it. The next stop is 38-39. Just have patience
I have owned Starbucks a long time. I think it could approach its high. The last time it did that I should have sold a 100 @ $40 but did not. I read the book, can anybody tell me when they franchised some stores. He said they would never do that. Was there some pressure put on him.
Ole schultze had to franchise at certain locations where he was excluded, mainly airports. In Detroit Host-Marriot is ruining starbucks reputation for stellar service and great coffee. They need work in this area if they plan to expand franchising.