Bearish
$SBUX As expected the markets reacted ahead of the deal yesterday. With so many Starbucks closed, with the number of corona virus cases increasing every day I don’t see the entire hospitality industry getting back to normal soon. People staying at home means they don’t go to a Starbucks even if drive through is open. There was no reason for this to go up so much yesterday and Bill Ackman was pumping this up on CNBC yesterday. Heading back to $55 levels. It is a great company but next 3 quarters the earnings are screwed..!
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