Outgoing Starbucks (SBUX) Executive Chairman Howard Schultz told TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer that Starbucks shares are cheap and undervalued. 

Starbucks shares are down over 11% since the start of the year. 

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

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