Starbucks Stumbled Hard | Investing.com

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Contemplating how effectively Chipotle (NYSE:) has been doing, I mistakenly assumed any fully mediocre supplier of edible merchandise would thrive, but it surely seems to be like Starbucks (NASDAQ:) has lastly stumbled onerous.

It has an extended, lengthy approach to go to succeed in assist. Its P/E, by the way, even after this drop, is at an eye-rolling 48. That’s the form of P/E that, in regular instances, can be reserved for a biotech firm on the cusp of curing most cancers. An organization that mixes sizzling water with floor espresso beans ought to have a P/E of one thing like 8.

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