1 Beaten-Down Stock I Just Bought, and Another I Just Sold [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
investor.starbucks.com/ir-home/default.aspx
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Source: Yahoo! Finance
However, I recently made a pair of significant investment decisions. I decided to finally add shares of Starbucks (NASDAQ: SBUX) to my portfolio after its recent post-earnings drop, and I also decided to cut my losses and sell a technology company that could be losing its long-term advantages. Here's why I decided to add the coffee giant to my portfolio, and what stock I decided to sell. I've been a fan for years, and now I'm a shareholder I've had Starbucks on my radar for several years, and I've been a fan of the business since the first time I visited one of its coffee shops in the late 1990s. As someone who knows the restaurant business well, I can say that Starbucks' profitability and execution of its growth strategy has been impressive, to put it mildly. But for one reason or another, I never bought the stock. That's changed now. After disappointing first quarter results, Starbucks plunged by about 17% and it became too attractive to ignore. Let's get the bad news out
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SBUX
News
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- Business leaders pressed NYC Mayor Adams to disperse Columbia protesters: report [FOX Business Network]FOX Business Network
SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 5/17/24 - Form 4
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- SBUX's page on the SEC website