Okay, so let's talk $SBUX. The stock has been under some pressure lately due to multiple factors like the management/board messing up the CEO "transition" process, Howard Schultz somehow being unable to stay away from the hot seat, unionization efforts, macro environment affecting the overall market etc.

As a result of these, the stock is trading at (ballpark) 20x FCF, 2.5% div yield and people are skeptical of this being a buying opportunity. From all this, I see headwinds, but no real material risks to the core business itself (geopolitical barriers, antitrust, unproven leadership, lack of moat/pricing etc). I see a company which is a known brand across the developed and developing world and it attracts people for all kinds of things (caffeine, cold drinks, breakfast, or sometimes just holding something in that fancy cup). I don't see any of that changing or becoming significantly less profitable anytime soon. I see this as an accumulating opportunity.

Can anyone explain how all of that is just wrong?