Starbucks (SBUX) Stock Stays Reasonable As Turnaround Cash Flow Comes Into Focus

Starbucks has delivered a solid 20.1% share price gain over the past year, and with fresh attention on its turnaround effort, the question now is whether that higher price lines up with the cash the business is expected to generate. The 20.1% one year return has rewarded existing holders, which puts more pressure on today’s valuation to be supported by future cash flows rather than past share price momentum. The "Back to Starbucks" turnaround plan, including store upgrades, cost savings and...