I will not invest in Starbucks since it is not selling for a high price and has been dropping recently. In the past few days it has been going up and down, fluctuating constantly and I don't think that would be an ideal stock to invest in given the state of our economy. While you do see a Starbucks on practically every block in the city, more and more people probably have to find cheaper ways to get coffee since Starbucks is known to be a bit pricier than McDonald's or Dunkin' Donuts. Over the last few years, Starbucks has seen more and more competition from places like McDonald's, and now with Americans being strapped for cash, many will choose to get their coffee for $1 instead of $4. The article from kamcity.com supports my reasoning for not investing in the corporation. It says that Starbucks will be shutting 19 more outlets this year due to poor performance. It has already shut 43 outlets last year and I'm sure there will be more to come in the next couple of years as well.
-Sydney Carlin
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Sydney- Spring break blog was good, but lacking a news reference and citation
ReplyDeleteyour auto blog was perfect.
Courtney- Good but you need to put the exact stock quote and how it will affect your decision
Alexandra- you lack any data or stock quote
Essowe-missing both blogs
I agree with Sydney's decision not to invest in Starbucks, because the stock has been going down. Just today, it went down 30 cents. I think that the logic she uses makes perfect sense. Incomes are decreasing, but Starbucks prices keep hiking up. People are definitely not going to want to spend so much on coffee. I would not buy this stock, because as i said it has only been going down. I cannot decide whether or not this group will do better than us because we think the same way, trying to evaluate.
ReplyDeleteJane Poretsky