April 17, 2017
The price of coffee has been trending lower and it is likely to challenge short-term support at around the $1.35 per pound level soon. In my latest work for Seeking Alpha, I explain why Starbucks’ current program to increase their global reach is bullish for both the price of its shares and the price of the commodity that is the primary cost of goods sold input for the company’s business.
Article: Coffee and Starbucks
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