TheStreet's founder and Actions Alerts PLUS manager Jim Cramer says Starbucks is working hard to fix the "mosh pit" that many of its stores face when too many customers who ordered online show up at the same time. But he thinks the coffee giant will ultimately fix the problem, so investors who don't already own Starbucks might want to get in if the stock falls back below $59 (from $59.90 early Tuesday afternoon).
"I think they're solving it, and they're going to solve it in a way that is very additive to us," Cramer said during a monthly conference call with members of his Action Alerts PLUS club for investors.
Cramer owns Starbucks shares for his charitable trust, but recently sold part of his position when the stock briefly surged. "When it ran up to $64 we said: 'We've got to take some off,' because it fully reflected all the good news," he said.
But Cramer said he's looking to buy the shares back if Starbucks falls some more. "I don't want you to sell Starbucks," he said. "Starbucks under $59 would be a great [buy]."
(This article has been updated to add Monday's SBUX close.)
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At the time of publication,
, which Cramer co-manages as a charitable trust, was long SBUX.