Starbucks (SBUX +0.7%) trades higher after upping its stock buyback allowance in a nod to...


Starbucks (SBUX +0.7%) trades higher after upping its stock buyback allowance in a nod to investors. The purchase of Teavana earlier this week for a hefty premium still has some traders baffled with the company already well-established in U.S. malls and in the tea market via Tazo. Execs highlighted part of the hidden value of the deal is that 41% of Teavana's revenue comes from merchandising and stores boast an average ticket price of $40. But is it also possible the Teavana buy is a hedge by SBUX in case consumers in China and India don't adapt their tastes to coffee in droves? (SBUX presentation: webcast, slides)

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