Is Starbucks (SBUX) a Bad Investment Until the Turnaround Shows Up?

Starbucks Corporation (NASDAQ:SBUX) closed at $94.71 on October 2, up 15.35% over twelve months. The shares have risen on the promise of a turnaround rather than on evidence of one. Revenue is still going backwards. Meanwhile, the company is paying shareholders more than it earns, which is the detail that decides how much patience this […]