Starbucks came up on my year-end tax selling screen, so I decided to take a look at its valuation. Everyone loves to hate Starbucks (SBUX - $21.20). The stock as been on a one-way ticket to hell, falling nearly 50% from its highs created by what I term the "Starbucks Bubble." In my experience, when stocks go down like this (deflating a bubble) the stopping point tends to be a 50% drop. But that is not why I chose to buy the stock here. I bought Starbucks today because it represents value at only 19 times next year's earnings. The stock also gains from the deflated dollar, as its earnings overseas are increasing. As we, at The Panelist, try to get our corporate house in order, I've been naughty and not blogging my positions each day. But following is a list that includes dates, sales prices and maybe even a line or two about my thought process.
Socially responsible investing is not new. But how about the concept of politically responsible investing?
The Blue Fund , which launched Oct. 17, 2006, is the first SRI index mutual fund to add an overtly political component. Included companies and executive officers not only express progressive ideals, but they also make corporate and personal contributions to the Democratic party, thereby literally putting their money where their mouths are.
Joseph J. Andrew is an expert in mergers and acquisitions law and currently a partner in the law firm Sonnenschein, Nath and Rosenthal LLP . From 1999-2001, he had the high-profile role of chairman of the Democratic National Committee (DNC) . In this position, he publicly contemplated the relationship between corporations and corporate contributions, and saw that the majority of money was going to Republicans and the GOP.
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