Jim Cramer Says "We've Been Legging Into Starbucks at Enticing Price Levels"

Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer put under the spotlight. Cramer mentioned the company during the episode, as he stated:

“These days, you can use a sale like the one we are experiencing, and I don’t think it’s necessarily over, we’re not that oversold, to pick up stocks of high-quality companies that are outside the blast zone of the data center… As long as you don’t do it all at once and as long as you buy small…

How about Starbucks, the stock we own for the Charitable Trust? We’ve been legging into Starbucks at enticing price levels, knowing that management’s been saying all the right things about business. Stock opened today at $83 and 61 cents, dropped to $82 and 34 cents… A decent starter price temporarily, though, as the stock then closed above 83 yesterday.”

Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, beverages, and food products through its stores and licensed outlets. The company’s brands include Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, and Starbucks Reserve.

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Disclosure: None. This article is originally published at Insider Monkey.