Joseph Carlson: SBUX will rise

Said on Jun 7, 2022, at 17:31 in the video.

What was said
Joseph Carlson

@josephcarlsonshow

“i'm trying to buy from pessimism with starbucks and while we have all these negative things going on all this negative stuff in the news people lose track of the fact that starbucks is still a high quality brand”
Watch at 17:31I Just Sold, Here's Why | Joseph Carlson Ep. 247
PredictionSBUXwill rise
What happened
Not scored

A position the speaker holds: shown, not counted in the record.

The window it was checked over

SBUXWindow checked
$60$70$80$90$100$110$120Dec 2021Apr 2022Aug 2022Dec 2022Apr 2023Aug 2023Said on Jun 7, 2022
$60$80$100$120Dec 2021Jun 2022Jan 2023Aug 2023Said on Jun 7, 2022

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.

Result at every window

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A position the speaker holds: shown, not counted in the record.

What was said around it

companies that nobody wants anything to do with this is buying into pessimism starbucks has unionization they have problems with china they have problems with their leadership and their ceo they have all sorts of problems that have driven down investor sentiment to all-time lows the stock price for starbucks is down 29 year-to-date and over the past five years it's only up 27 percent it trades right now at 79 and its all-time high is around 120. so this is another instance that feels familiar i'm trying to buy from pessimism with starbucks and while we have all these negative things going on all this negative stuff in the news people lose track of the fact that starbucks is still a high quality brand people love the company they go there routinely every single day they serve a product that's never going out of style it still has secular growth and a great balance sheet and it produces mass amount of free cash flows and it pays almost a three percent dividend yield this is a high quality company trading at a historically low valuation and i'm okay holding this company through the red for a long period of time continuing to dollar cost average in it because i think that one day again investors

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