Should You Buy the Dip in Starbucks Stock?
Is the market too focused on one bad quarter?It has been a whipsaw couple of quarters for coffee giant Starbucks (SBUX 0.60%), with news fluctuating between recording-setting revenue one quarter, and significant decline in comparable-store sales the next.Investors have seen the glass as half-empty recently, with the stock down about 7% since reporting the quarterly decline in comparable-store sales on April 30. The stock hit a 52-week low shortly after the company reported its fiscal second-quarter results. ...