Joseph Carlson: a call with no clear direction

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SBUX closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

and that is where valuation comes into play while cloudflare's trading at a 28 price to sales starbucks trades at a 2.7 this is around half of what mcdonald's trades at and starbucks has a better balance sheet than mcdonald's and better growth than mcdonald's so it trades at a low price to sales the p e ratio is now below 25 which is historically extremely low for this company it usually trades anywhere from like 29 to 35. simply put investors aren't pricing in a lot at this price the company's already traded down significantly and the chance of this company underperforming its earnings to the extent that it trades down another 50 i think is highly unlikely so when i assess the different companies to buy the dip i'd rather be a buyer of starbucks right now than cloudflare so buying the dip is a strategy that i implement i firmly believe that you should try to buy high quality companies as investors and institutions sell out of them based off of temporary fares most people in the stock market have a short term time horizon and if you have a long term time horizon you can take advantage of dips and in terms of the wall street journal and these new experts trying to discourage retail investors

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