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Jim Cramer Nails Starbucks' Big Decline, Warns Again of Downside to $50

Two days ago, on Wednesday, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said he was leery of Starbucks Corporation (SBUX) . Specifically, that's when Cramer said if management failed to impress investors, SBUX stock could fall to $55.

Currently trading down more than 7% to $54.80, it's safe to say that Cramer nailed the move. So what does he see coming for Starbucks?

Cramer spoke with CEO Kevin Johnson Friday morning on CNBC's "Squawk...


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