Starbucks and the Pitfalls of Investing in Turnaround Stocks
Starbucks (NASDAQ: SBUX) finished February above $115 a share -- knocking on the door of a new all-time high. But at the time of this writing, the stock is around $81 a share. That's a brutal decline in a relatively short period, especially since the major indexes have recouped much of their losses from early April tariff turmoil.Here's what investors can learn from Starbucks' struggles, and the challenges of investing in turnaround stocks.Image source: Getty Images.Continue reading
Starbucks (NASDAQ: SBUX) finished February above $115 a share -- knocking on the door of a new all-time high. But at the time of this writing, the stock is around $81 a share. That's a brutal decline in a relatively short period, especially since the major indexes have recouped much of their losses from early April tariff turmoil.
Here's what investors can learn from Starbucks' struggles, and the challenges of investing in turnaround stocks.
Image source: Getty Images.
