Just how many stores does SBUX actually own in any given market?
Are all those stores in NYC just steps away from each other company or
franchise operations?
How many belong to the Reise Corp and other big chain/brand
franchisers?
Did SBUX miss out on the really good locations as far as company owned
stores?
SBUX made a BIG splash in a short time in NY. Seems like a lot of real
estate soon to come on the market.
It is a great brand but Starbucks liquor, Really!
My prediction is there will be a lot more unprofitable stores on the
books. 600 is just scratching the surface.
Wake up and smell the roses...  They are dying!!! As is SBUX.  Long
term is good if you have the time, 12 years.
Think that is off the mark just check out GE. It has gone nowhere in
10 years. NOWHERE!
This is a $4.00 stock without dividends.
Want a nice play folks. Short SBUX and take the profits and put it
into MNRTA and watch your money grow. At least the yield will pay for
a few more lattes than any return you will ever get on SBUX.
Come clean Howard! SBUX had lofty aspirations, and were way out there
and off the mark.
Ps  Howard, Monorail espresso is for sale. Maybe it is time to start
over and go back to basics. It is too late for this baby!    Tully,
Don't go down this path...

Maybe you should do some research prior to making posts.

SBUX doesn't franchise. All stores are company owned.

you said...It has gone nowhere in
10 years. NOWHERE!

how about all over the world and just starting!

i doubt expansion in the 'rest of the world' will be as impressive as
it WAS in the west.
The rest of the world have their own drinks. They do however need iron
ore (VALE) and help in construction (UTX) also computers to expans
business (IBM) or maybe energy (coal,oil, maybe even SOLAR???)
 ... global growth is for a select few.
Dump your shares this is a long term down trend.

Good points.  IMO, SBUX has lost it's allure in NA.  Crazy to wish the
rest of the world will desire a NA castoff!

Ok Seattleites, Being a bi-coastal transplant I truly understand ones
willingness to "stand by your brand" It is time to throw SBUX and
WAMU  (WM) out with the bath water. It is time to come over to the
"dark side" (yea I moved to NJ) and purchase MNRTA ( a NJ corp). and
sit this one out. I am not a stock "picker" well maybe I am if you
count losers!
I only know "value investing" when Warren Buffett puts it right in
front of my nose. I still hold GE and IBM which I purchased at their
all time highs. How can you dump GE? IBM was almost back a few weeks
ago. ALMOST.
Almost is only good if you are throwing grenades. Which makes  this
market  a minefield, period. So why I ask you coffee persons, is why
do you hang on with great hopes for the short turn?

http://seattlepi.nwsource.com/business/370512_starbucks12.html

Looks like it will be a while before Howard makes the 600 mark.
Does anybody know anyone on Staten Island that drinks SBUX.
This is the land of Bagel Shops and bagel COFFEE RULES!  Get  a 16
ouncer for a buck!

Well... MOST stores are company owned. Almost all of the ones inside
of other stores (Kroger, etc.) are owned by the company that owns the
store they're in. Also, some airport locations aren't company owned, I
believe...

If you're talking about all the stores out on the street, though,
you're absolutely correct.

Seems as though you should have an idea of ownership before making
predictions on valuation. My understanding is that Starbucks owns
about 80% of their domestic stores. The company owned stores dwarf the
other ownership model which is licensed stores. Starbucks does not
franchise, they license. The licensed channel is made op of big
hitters like Target, Safeway, and Host Marriott (airports, etc.)

Just wanted to cklarify so you can reconsider your valuation
prediction.