lost it's focus. it i svery yesterday as a concept and stock to own. It is very richly priced at this level. Management is inconsistent and frequnetly disappoints. owning at this level is very risky. They might mature into a real company, but so far, they are long on hype.....and completely unable to address core issues like labor costs, slow and poor customer service, and underdesigned stores (too small). All of this will come to a head in the next year and bad news will prevail.
What about the international expansion plans for SBUX. Living here in the UK, I can tell you that they are without a doubt the most popular coffee shop in town. The others don't even come close. All of the shops that I have been to are always busy, which is good for us shareholders. I understand that SBUX wants to expand into continental Europe (500 new stores), which has never seen the likes of SBUX (I used to live in Germany, so I know what it is like to not be able to get good coffee). So, while you might have the issues you talk about in North America, they don't exist for the moment here.
The true growth for SBUX will not come from North America, it will come from Europe. You might want to consider that there is a whole other world outside of whatever town in America you come from. Wake up and smell the (international) coffee!
Store size must be a dilemna for planners. A couple of advantages to small store size: 1)Visual perception is that business is booming and it's the place to frequent. 2)Real estate costs are high in urban core and can't afford alot of seating space for loungers. 3)Ugrades are easier/less costly in small spaces. I agree, the bloom is off the concept here, but msg 12465 echoes what a coffee-loving friend of mine says who just moved from Seattle to the Boston outskirts. . .there is hardly anywhere to go for a good cup of coffee where he is. SBUX not mature but maturing and seems to face identity crisis as it searches for ways to expand its foothold and grow its influence.
he has been spouting the same ridiculous garbage for over a year now. 6 months ago he started this "very yesterday" crap and began predicting that SBUX would fall to 14 (or lower) within a day or 2. as with every other tcpup prediction....the opposite happened. the only thing "long on hype" around he is tcpup. in order to give the appearance that he arrived at his conlusions through diligent analysis, he makes up stories and calls them facts. don't bother asking him to substantiate his claims, he'll only restate them (which seems, in his mind, to constitute subsantiation). he likes to disappear for a while only to return with the same bs. i think he just saves his old posts and cuts and pastes them into new ones.