If you could buy discounted Starbucks stock, would you?
Saturday, February 28th, 2009
Tara asked:
I’m just getting married and am in the process of setting up my health insurance, savings account, 401K, etc. I’m super awful with math and finances and I have the opportunity to buy stock in Starbucks at a discounted rate. Basically, the company sells their partners (employees) stock at the end of the quarter, but they sell it to you at the price it was at the beginning of the quarter. You are allowed to turn around and sell it for immediate profit, but I know partners that don’t make much money that have amassed a few grand in a couple of years. What is the outlook for Starbucks stock? Would you take this opportunity?
Alfred
I’m just getting married and am in the process of setting up my health insurance, savings account, 401K, etc. I’m super awful with math and finances and I have the opportunity to buy stock in Starbucks at a discounted rate. Basically, the company sells their partners (employees) stock at the end of the quarter, but they sell it to you at the price it was at the beginning of the quarter. You are allowed to turn around and sell it for immediate profit, but I know partners that don’t make much money that have amassed a few grand in a couple of years. What is the outlook for Starbucks stock? Would you take this opportunity?
Alfred