Cramer is bullish on Starbucks....

[mhertz]

Cramer is bullish on SBUX as a way to indirectly invest in the Chinese economy...Starbucks is running high on caffiene!!!

[deepinwonder]

Well, I broke Cramer's rule No. 16 and took profits on my winner, while hanging on to a stock that was down in hopes it would come back up to where I bought it. Yeah, it did, but I missed about four dollars run up by selling off Starbucks and, at this point, I just want back in! I've been waiting for another dip, am I dreaming one will come, or should I just get back in feet first? Their price target was just upgraded on Friday by two analysts, too. Not helpful! lol

[mhertz]

Most price targets on starbucks now range between $35-$37. So I'd jump into it ASAP, then wait for it to swing around there, and then 'ring the register'.

Just my two cents...

[NINOHERO]

SBUX is at 50x PE with 7% SSS growth. Seems a bit rich. Their coffee price contracts are only good to the end of the year and they cite milk and coffee costs as possible threats. Both are up about 15%. They just reintroduced normal size cups of coffee. Wonder why?

[2 Worldz]

I would wait for a least a small pullback.

I do not own SBUX

[optimus25]

I wish I had bought it back when it took a pre-split price of $48. I think that was the time DIW got in it. I was telling some prospective clients that it was probably a good buy at that point but I never really followed through with it since I didn't like the idea of investing in "coffee". But this past weekend I was studying at my local starbucks and found the place "bumpin". At least 200 or more people must have walked in buying coffee/fraps during the 3 hours that I was there studying for an exam. On saturday morning I was at the same starbucks and around 200 or more people walked in buying their morning coffee and I was only there for 2 hours. The line was almost out the door.

I'd definitely wait for a pullback. Not sure if the higher energy costs have been factored into the recent price runup.

[deepinwonder]

A pullback, today, but not enough to suit me... waiting. :roll:

[Natural Gas]

Well that tears it for me with Cramer. About five months ago, Cramer did this big deal over how SBUX was a sure fire buy, buy, buy, primarily because of the expansion into China and how was going to translate to the bottom line. So, I went in. The next three months I watched as the stock plummented for no apparent reason. Then they announced they had concerns over the costs to due to health care expenses for employees. Then all of a sudden when asked about SBUX Cramer gives it the bear and thumbs down claiming health care concerns and he would stay away. Great, thanks you got me in and now you are bad mouthing the stock. Finally after some good news the stock rebounds to my entry position. I was up maybe 50 bucks, I got out and felt lucky. I was down over a grand at one time. Now he likes it again? Talk about blowing in the wind. I thank him for GOOGLE but not much else.

[paydabill]

Looking at the chart - and just the chart alone.

I would not buy this until it at least breaks the 29.00 or even the 28. Let it fill the gap. It had a very bullish chart the last couple of days. It will go down farther. It has an evening start with a healthy black body. It might get some help from the "cramer throw the money at it because he said so" group, but I do not think it will continue.

Although I personally like sbux as a trade I think it will float down to 28.50 ish before I look at it again. Then I want to make sure a base starts to form.

[paydabill]

I thank the lord that I do not just take Cramer's word on things.

Starbucks lowers fiscal 2006 earns outlook to 63c-65c (SBUX) By Katherine Hunt
SAN FRANCISCO (MarketWatch) -- Starbucks Corp. (SBUX) said after the closing bell on Wednesday that it now expects fiscal 2006 earnings of 63 cents to 65 cents a share, down from its previous forecast of 72 cents to 74 cents a share. The Seattle-based specialty coffee retailer said its revised outlook reflects accounting for stock-based compensation. The company now estimates that it will record stock compensation expenses of 2 cents a share on a quarterly basis in fiscal 2004.

Which is intersting it produced a very pronounce harmoni today!

[Morpheus]

It takes luck, homework and gut feel on whether to follow Cramers recommendations.

But having said that, if he was a baseball batter, he has a higher percentage than most out there. And he is entertaining!