Starbucks: Trouble in Latte Land
As expected, shares of Starbucks (SBUX) took a cold latte (with a splash of peppermint) to the face on Nov. 16. The stock tumbled more than 7% in Friday's session, to a new 52-week low, but recovered somewhat by the close, off nearly 4%, to $23.17. Volume was more than six times the normal 10.6 million shares. Given the company's weak outlook after the market close, the debate over whether Starbucks is a buy still rages around the financial blogosphere.
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