BEST IDEA SHORT SBUX; THE DATA KEEPS GETTING WORSE
Our Restaurants team led by analyst Howard Penney is hosting a call updating his outlook on Best Idea Short Starbucks (SBUX) on Friday, July 26th at 10:00am ET to discuss the long, treacherous road to recovery for this company.
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Our deepening analysis of SBUX reveals a company at a crossroads. The shift to LONG Bias was very premature. SBUX's operational labyrinth is spiraling out of control, and the road to recovery looks treacherous and prolonged. Reflecting on the 2009 playbook, we're reminded that the stock's bottom was reached only after extensive restructuring improved sales and profitability. The current situation might even be more precarious. With Elliott's silence on its position and rumors of entrenched management resistance, we're facing a protracted, uphill battle. Alarmingly, high-frequency data continues to worsen, painting a bleak picture. We have zero confidence in the current management team's ability or willingness to implement drastic measures to salvage this sinking ship. |
On July 26th, we'll host a critical SBUX update to scrutinize the Q3 2024 quarter. It is unlikely that Q3 will show that the company is making any headway in restructuring its operations, but it will likely show that immediate activist intervention is imperative to prevent further value destruction.
We invite you to join us for this presentation.
