Weak Dollar Stock #3 – Starbucks (SBUX)
We have seen what exports can do for fast food restaurants. Can the same happen with coffee? In some ways, it is already happening.
Starbucks (SBUX) has made a big push overseas and many of its stores can be found in foreign markets. A weak dollar is going to accelerate the trend greatly. SBUX knows how to saturate a market. As it becomes more attractive for the company to increase foreign sales, look for SBUX to follow the on-every-corner approach that helped the company dominate the U.S. market. Even if the U.S. market struggles for SBUX, the foreign potential is still quite large and will offset domestic weakness.
Article printed from InvestorPlace Media, http://investorplace.com/2009/11/weak-dollar-stocks/.
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