Starbucks Has a Problem
Starbucks has a few problems in the minds of Wall Street. Chief among them is weakening traffic to stores.
Uh-oh.
TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer said Starbucks (SBUX) - Get Report is trying to solve its mobile pay issues. In particular, getting people who ordered via mobile devices in and out of the store quickly.
"I think there will be a reset of expectations and when that happens, people will buy the stock," Cramer said.
Starbucks is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells SBUX? Learn more now.
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