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Pastimes : Starbucks SBUX

SBUX 85.61

+0.6%

3:25 PM EST

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To: benwood who wrote (118)	6/7/1997 7:57:00 PM
From: Doug (Htfd,CT)	of 148

Ben, now reading your 10/96 posts "where's the peak?" -- That was It. Looking now at a five-year chart, October 1996 was pretty much the high, and the price has now come off 20% or so to $30.00. FY 98 earnings forecasts are around $1. How long can SBUX continue growing by opening new stores/outlets/kiosks/grocery/deli sales? I read existing store sales up about 6% last snapshot. The quesion now -- where is the bottom? The momentum investors aren't buying here, but have they finished selling what they bought last fall? ~ Doug ~ (no position in SBUX)

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