00:00 All right. One more report I'll just bring in here. I'll do Starbucks Q3 EPS at a dollar
00:04 beat the 95 cent estimate sales of 9.17 billion missed the 9.2 billion estimate.
00:10 Comparable sales were still up 10% globally, up 7% in North America and up 24% international.
00:19 Is the consumer broken? No, but I mean- They find five bucks for their coffee.
00:25 Yeah, they find it, man. They find it. They find it. The people who go to Starbucks-
00:29 I've already learned. How do you pay five bucks for coffee?
00:31 I got to stop betting against Starbucks. I have to stop, guys.
00:34 I've never liked it. Next time you guys hear me get bearish,
00:36 Starbucks, someone please come through this camera.
00:39 Me too. Me too. I've hated Starbucks- Good whacking.
00:42 I've basically hated Starbucks since birth. I never got it when it was $3 coffees and
00:46 everybody else had it for 50 cents or a buck. Now it's $6 coffees and everybody else is two bucks.
00:51 And it's still the premium people want the experience of sitting in a Starbucks
00:56 and going there or they get their Starbucks. They're classy. I mean,
00:59 the margins have got to be just amazing though. So maybe we've always been wrong,
01:02 Mitch, too, because they've got an awesome- Nothing like burnt coffee, man.
01:05 Nothing like burnt coffee. You know what the market cap of
01:08 Starbucks is? Take a guess at the market cap. It's insane.
01:11 What do you think Starbucks is worth? Insane. I tried to short that thing to
01:15 be 100 last time. That didn't work out. It's worth $116 billion. It's a coffee shop.
01:23 It's a coffee shop. $116 billion. I mean, it's so impressive that
01:28 they could have grown it to this. Like, given your perspective, McDonald's is worth like $220.
01:34 So you would think McDonald's would be like five times the market cap of a Starbucks.
01:38 But McDonald's has been around since forever. I mean, it's the most dominant fast food chain
01:45 that's ever existed. I just don't understand why there isn't
01:48 another coffee place that could be just as good as Starbucks.
01:51 Well, and you look at Bros, your Bros, I mean, it's got a $1 billion market cap.
01:57 Yeah, that's just ridiculous. So your Bros is $1.7 billion.
01:59 So Starbucks is worth 100 times more than Bros. I don't know. Eventually, you're right. Why can't
02:05 there be another one? I don't know if it's Bros or- I guess Dunkin' Donuts is just that bad.
02:09 Where's Dunkin' Donuts' market cap? That's a good question.
02:11 It's gone. Is it still public?
02:13 It's gone. It's gone. That's the thing.
02:14 Why do they keep getting rid of it? That was public, then it was gone,
02:16 then it was public again, then Tim Hortons was public, and then it's gone.
02:20 I guess there's no comparatives.
02:22 Expensive coffee, guys.
