Over the last week, one of the fatal stocks on the Black List had come through with complete failure.
It seemed like it was only a couple years ago when Starbucks (SBUX) was the high flyer. They were growing at a great rate, and people were really digging their product and “homely” environment; however, now Starbucks is looked at in a completely different way.
The coffee chain is expected to close down somewhere around 600 stores. There will probably be more to follow. This stock really has nowhere to go… except down.
Once again, another lesson as to why we should listen to the black list.
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