Starbucks: Buy the Coffee, Wait on the Shares
I've been quite happy with the growth and subsequent returns since starting a position in Starbucks. However, those are historic returns and have no bearing on whether the company is attractive at current prices. Since hitting a 52-week high of $64.00 in October 2015, the share price has retreated back to $55.86 as of the close on Friday, February 12th. That's a decline of 12.7% and piqued my interest in updating my valuation on the company.
Starbucks is a Dividend Challenger with 6 consecutive years of dividend growth and a 5 year dividend growth rate of 30% annually.
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