Reply to this classmate on the discussion topic with 100 words

Hi Everyone,

Starbucks is a publicly traded Company that had its initial IPO in June of 1992. I have been watching the stock for over 4 years. Over the past year I have watched it dip to $73.09 then up to $108.19 for a day. The very next day it started a steady decline again landing at $98.46. In March of 2023 it went up to $105.38 which I think had something to do with Starbucks getting a new Chief Executive Officer.

Starbucks is constantly growing by adding stores and new ideas and a strong brand. It appears to be a very stable company. They pay a 2.12% cash dividend to their shareholders quarterly and have a market cap of 112.9B. Those are indications of a healthy company. This seems like a stock you can't lose on, but like all other stocks it goes down a lot and only climbs up a little.

I think what really hurt the stock market including Starbucks was the after math of Covid. Though I didn't see any stores close down after things began to open back up, the stock has not recovered. Starbucks is a luxury and the economy is just not where it used to be. When the unemployment rate decreases I think I will finally see some gains on the stock.