NEW YORK (TheStreet) - Starbucks (SBUX), love the company! In fact, I love Starbucks so, so much that I want to scream from the highest rooftop in the normally rainy Seattle professing that unwavering love. Since I am unable to do that at the moment since its earnings season, these are the top reasons why I love, love me some Starbucks:
CEO and Founder Howard Schultz
A true winner and visionary in American business that has managed to spread these two traits throughout an expanding global coffeehouse empire. Walk into any (overseas included) Starbucks and I bet you a triple black espresso that an employee would know (and probably smile) a couple things about Howard Schultz. Go into a Wal-Mart (WMT)and ask who Doug McMillon (he is the new CEO...but also a longtime Wal-Mart executive...) is and see the answer that emerges. I love hard-working winners with passion and a positive attitude, it inspires me to win and I don't even work at Starbucks.
I love Starbucks stores, most notably the remodeled ones with the extra comfy seating and communal tables. Love those new brown, rustic communal tables, have got into great discussions with fellow millennials operating businesses that has led to tons of idea generation. Totally digging the free charging stations at Starbucks, too, which allows me to show new friends things I am working on by tapping on an Apple iPad, of course. Desktop? Ugh. Shout out to Starbucks' calming classical music. When you are as intense and game on as me, by golly, you need a place to find peace and to collect thoughts. That self-reflection nowadays is derived from the inside of a Starbucks as opposed to a creepy study room on a second floor college library (<---true story).
How can I not love the initiatives put forth by the Starbucks digital team? Almost every bricks and mortar retailer not named Starbucks is warning of vaporized sales and mass store closures amid a shift in how humans consume goods and services. Starbucks is leading in digital, and is well-equipped (increasingly so) to satisfy my visions of the world by 2020: real-time consumption of stuff with significantly less of an effort than in 2014. Wearables will be an integral component of that movement. BTW, did I mention I love Starbucks having 40% of its U.S. stores in drive-thru form? Love seeing that as it establishes a platform for the company to benefit from the rapid advance underway in in-car technology that integrates with wearables.
"Check your biases at the door when analyzing a company, or risk portfolio mutilation." -@BrianSozziAnalysts, well, analyze executive comments and trends. Personally, I analyze exec body language! If I entered a pre-earnings analysis on Starbucks (was a top pick for our clients in 2013) with biases of any form, then I guarantee I would have downplayed these important developments.
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