Investors often overlook SEC filings, and it is the job of the 10Q Detective to dig through businesses’ 8-K and 10-Q SEC filings, looking for financial statement ‘soft spots,'(depreciation policies, warranty reserves, and restructuring charges, etc.)that may materially impact Quality of Earnings.
Wednesday, November 28, 2007
"Mad Money" Cramer Sees Price of Starbucks Going Lower
Shareholders of Starbucks (SBUX-$22.61) need to wakeup and smell the decline in market value of the specialty coffee retailer.
Jim Cramer told viewers of his "Mad Money" show on Tuesday that Starbucks "once was a fantastic growth story, but the key word here is was."
Affirming what we posted about Starbucks yesterday, Cramer informed his CNBC audience: "at first glance, people might see the current price as a good entry point for Starbucks, but [he] sees the stock going lower."
He went as far as to say the stock should not to be owned until it goes well below $16.
Hungry? Say hello to a Premium Roast Coffee at McDonald’s—a worthy companion to a tasty McGriddles Sandwich!
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