Starbucks: Full Price For A Half-Brewed Turnaround (NASDAQ:SBUX)

At the current stock price of $92, Starbucks ( SBUX ) is trading at a GAAP P/E (TTM) multiple of 76.6x and a forward non-GAAP P/E ratio of 40.2x. We think these multiples assume a full recovery of marginsI’m a full-time investor with 10+ years of experience in public markets and an MBA background. In addition, I lead Meridian, a boutique research and corporate finance firm. We specialize in helping SMBs structure deals within the Argentine market while providing tailored equity research and valuation analys ...