Starbucks is down under 80 now, down over 30% YTD from 116, and down even more from ATH of 126. Is there any particular reason for this massive short term drop? Some unionization talks had been going on and some unionization looks likely in to continue, supply chain issues are present , and the market as a whole is down. Otherwise, I can't see a huge reason why it's decreased so much and those reasons aren't debilitative imo. I've bought more shares as it's dropped, and today I convinced a family member to pick up 200 shares. I went to a Starbucks yesterday for a few hours and it was as busy as ever, and any new location that opens in my area seems to do well. I haven't noticed a drop in quality or anything, I still like their coffee and overall experience.
Is its decrease just the result of the downward market momentum/correction + my aforementioned points, or am I missing something? Seems like a good buy atm but I'd like to be proven wrong if I am
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