Reported about 1 year ago
Twenty years ago, Starbucks was building a chain of coffee houses that has since grown into nearly 39,000 stores with quarterly revenue increasing from $1 billion to $8 billion. Investors who recognized its growth potential have been well-rewarded. The stock price has soared from around $10.80 in mid-2004 to over $79 per share today, resulting in a $1,000 investment then being worth approximately $7,300. However, the company's high-growth days may be behind it, with increasing competition and saturation in the market making future massive gains unlikely.
Source: YAHOO