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[video] Quick Take: Starbucks CEO Howard Schultz Is One of Jim Cramer's 'Bankable CEOs'

NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is calling Starbucks' (SBUX - Get Report) CEO Howard Schultz one of his "bankable CEOs." 

His explanation was simple. Starbucks has been able to maintain very high comparable store sales -- above 7%. The only company with higher comp sales is Chipotle Mexican Grill (CMG)

And it's not just U.S. comp sales that have Cramer excited. Starbucks has continued its overseas expansion. Plus, people continue to underestimate the Teavana acquisition it made in 2012. 

"This [acquisition] is a game-changer," Cramer declared. It will allow Starbucks to gain more traction in the tea market -- which is very popular in certain parts of the world -- as well to continue to offer coffee. 

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The company will also continue taking up room in the grocery store, which will help it from being dragged down by lower mall traffic.  

While mall traffic only makes up a fraction of Starbucks' overall business, it's fitting that it was none other than Schultz to point out that it's in a secular decline. 

Along with more shelf space at the grocery store, Schultz is also focused on the mobile and digital world for Starbucks.

"This man is not losing sight of the future, he's gaining it," Cramer concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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TSLA $266.35 -0.16%
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FB $94.32 -0.93%

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