Starbucks (SBUX) Hits 52-Week Low

November 5, 2007 by Douglas A. McIntyre

Over the weekend, Barron’s institutional investing poll listed Starbucks (SBUX) as one of the most overvalued stocks in the market. That says a great deal since the stock was already down from a 52-week high of over $40 to $25.

Today, the shares hit a new 52-week of $24.95 today, which means that concerns over the coffee retailers growth rate persist and the shares may not have found a bottom.

Douglas A. McIntyre

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