Starbucks

“The problem is they are not a premium brand, and the difference is Hermes, as an example, is a premium brand. They can charge whatever they want under all weather conditions. They have pricing power, so if their inputs go up, they can make sure they maintain m…”

“So the cashiers will be gone. The cooks will be gone. And eventually the baristas will be gone and it'll just be a couple of people.”

“I think one of the first things you're going to see from nickel within the first year at Starbucks is a reduction in the complexity of the menu.”

“I expect that Brian Nickel, if he is smart, will look at this forecast and shred it to give himself time.”

“I just think that the CEO would not have gotten fired had he just moved the forecast down by 20% when he came in as CEO.”

“And I think if you start to graph the adoption of GLP ones pervasively in America to the drop in same store sales, I think as GLP one adoption goes up, same store sales will continue to go down.”

“Starbucks should be probably a twenty billion dollar asset.”