Reported about 6 hours ago
Starbucks has faced significant declines in its stock value, dropping from over $115 to around $81 due to waning confidence in its turnaround strategy. Although the company has international growth potential, especially in China, its operational struggles and increasing debt have impacted earnings growth. The management changes and attempts to reinvent the brand underscore the challenges of turnaround investing. Investors looking for passive income might find the 2.9% dividend appealing, but those skeptical of its recovery should monitor the situation closely.
Source: YAHOO