Thursday, November 15, 2007

Starbucks... The Stock Not The Coffee

I see that it is time for Starbucks to take a healthy correction. Down to $24 from a recent high of $40. Even at this price the P/E is still at 29 times. Definitely some Castle Building in the Sky has been going on here. It reminds me a little of the craze.

I would not be surprised to see $15 before this correction is over.

ps...I don't like their coffee but that's just me..too strong. But--most people do.

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