Following its recent earnings report, Starbucks has caught investor and analyst attention - for the good and the bad.
Starbucks recently reported adjusted earnings of 78 cents a share on revenue of $6.82 billion, easily beating expectations for its second quarter.
While the stock initially surged following the earnings-driven shot of espresso, the stock lost some of its luster Monday after J.P. Morgan Analyst John Ivankoe downgraded the stock to neutral, saying "upside from here is limited."
But how did Starbucks get to where it is, now up over 90% in the last 12 months.
Jim Cramer attributed the siren's success to CEO Kevin Johnson in a recent column on Real Money. Starbucks needed technology to get a seven-fold improvement in comps in one year. So who better than to give you that technology than one of the premier technologists of our generation, CEO Kevin Johnson, Cramer wrote.
So is a phenomenal CEO enough to get Cramer to invest in Starbucks? Catch his answer in the video above.