Jim Cramer Blog

Starbucks has not only been concentrating on their rapid expansion into China, they have also been focusing heavily on the entertainment business. They are planning to be oneof the biggest cd stores with in the next few years. Will they stop here? Not likely. They have already successfully branched off into Hollywood and with stores full of music, expect to see other entertainment items such as books and dvds as well. They are expected 33% of annual sales from China in two years, which is huge, and they have an entrepreneurial management that allows great innovations. This company has so many things going for them in the future it needs to be bought while its still off its 52 week high.