Replies to post #1012 on Starbucks Corporation (SBUX)

[Nebuchadnezzar]

I guess u forget when SBUX fell to single digits in 2008 or 2009. The only thing that will keep stock above $50 is buybacks especially when trade war really gets into gear. SBUX could trade to $44-46

[Nebuchadnezzar]

I actually cannot wait to see what happens if (when) China devalues their currency, especially with SBUX and other companies that make $$$ in China. the markets are not taking the rising dollar, rising rates, trade war and many other issues seriously enough, just like in 2006-2007. Blow off top, huge correction (crash) then years of nothing unless you bought at bottom. I am not calling for anything like 2007, (except in terms of US national debt issues) but I strongly believe the DOW is overvalued by 15-20% and S&P 500 should be trading at 2300-2400.

as for SBUX, they have real issues, and the higher oil (gas prices) go and stronger dollar with rising wage pressures ( even though many of these workers suck) I believe margins will be hit.

Margins for most companies will be hit in 2019 and if Trump doesn't not get re-elected in 2020, you can kiss the stock market goodbye