TheStreet’s Jim Cramer sits down with Research Director Jack Mohr to discuss the strategy behind putting Starbucks (SBUX) back into the Action Alerts PLUS charitable trust portfolio. Cramer notes that they had a great gain the last time and that they’ve decided to get back in it now for several reasons. He says for one thing, he’s not that concerned about China and that the company is just trying to meet demand in China. He also notes that mobile payments, consumer products and comparable store sales are all doing well. ‘The main thing you need to know about Starbucks is this is the classic growth stock of our time’, says Cramer. He adds, ‘I love the fact that we’re coming in now…under where we sold it.’ Cramer does point out, however, ‘we’re not going in all at once because we’re very conscious of how tough this market is but we want to use the weakness to build.’
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
