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Starbucks Corporation Message Board

charleshwhite 4 posts  |  Last Activity: Dec 19, 2014 3:38 AM Member since: Sep 29, 2008
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  • Reply to

    thi to qsr

    by ijenney Dec 18, 2014 6:33 PM
    charleshwhite charleshwhite Dec 19, 2014 3:38 AM Flag

    Yes, and disappointing. The 8-10% pop doesn't seem right to me. Further, it looks like the cash price for the cash out folks was around $54+/-(?) not the $57+/- that I thought I saw in the fine print of the materials that was sent out. I am reluctant to wade through that again. The inversion and currency volitility probably had a lot to do with all of this.

    The process is difficult to follow. Similar issues with Kinder Morgan merger with the MLPs and no currency issues. Very suspicous to me that all the brokers allude to how smart I was (I am NOT smart) in these investments; actually I feel as if I have been abused (and didn't enjoy it at all). I guess in the end it is what it is and it is not what it is not. Regardless, I don't know if I should increase my position or not. The only good (and worrisome) thing is that Buffett is in this deal. I know he will make money, I just hope he doesn't sell all of us down stream to grab a quick profit(??). GLTA longs.

    Sentiment: Hold

  • Reply to

    thi to qsr

    by ijenney Dec 18, 2014 6:33 PM
    charleshwhite charleshwhite Dec 18, 2014 7:58 PM Flag

    I figure that the value at conversion was $44.84(?) so have lost about $6.68 a share. The $2.00 uptick is helpful; but, really need to recapturre that $6.68 sooner than later.

    Sentiment: Hold

  • Reply to

    thi to qsr

    by ijenney Dec 18, 2014 6:33 PM
    charleshwhite charleshwhite Dec 18, 2014 7:46 PM Flag

    I think Schwab told me the conversion on the all stock option was .8025(?). That seems fairly close to what I got (not what I was hoping for).

    Sentiment: Hold

  • charleshwhite charleshwhite Nov 20, 2014 9:50 AM Flag

    giroux105: Perhaps your perspective is short-sighted. The issues are very complex.

    If I were a Burger King holder I would be desperate for this deal to go. It is a life saver for BK. As a THI holder, I invested on the basis that the Canadian model, executive, managers, and staff were and are more competitive. Since THI got away from Wendy's the execution has been very good and solid. The only real complainer is some hedge fund guy that wants his money NOW.

    The real question is does the tie up with BK afford an advantage for both concepts. I am not sure. One might consider a look at Darden and the disaster that they made out of Red Lobster. Now on its own it is showoing new life and moving to recature its market. BK in the US is a disaster in spite of its size. In Cananda BK is better (a different company, different structural appraoch to the busienss, etc.). THI was burned early in its apprach into the US. However, they leaned and adapted. Going forward I think the THI concept is a viable business that knows how to execute and adapt. I think that THI as an organization is focused on long term sustainable growth and profitability.

    Sentiment: Hold

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