Pullback Shopping List It’s happening. We’re finally getting a pullback in the stock market. Every pullback presents an opportunity to add to an existing position or a new position if its stock price drops below our estimate of fair value…. Read More
Portfolio Update: Yum Brands, Disney, & Domino’s Pizza [Podcast]
The recent trades we made so far n the AMM Dividend Growth strategy during the market correction. Why Disney & Yum are now sources of cash despite us still liking them Domino’s Pizza becomes a full position Other trades involving… Read More
Does Starbucks Count as 1042 Qualified Replacement Property?
When shareholders of a closely held C Corporation sell their shares to an ESOP (Employee Stock Option Plan) and the ESOP owns 30% or more of the common stock the selling shareholders can do an ESOP rollover. With an ESOP… Read More
Starbucks Dividend Growth: Catalysts, Risks, and Fair Value
Since 2010 Starbucks (SBUX) has grown its quarterly dividend at a compound annual growth rate of 24.53%! In this video, we discuss the catalysts that will allow Starbucks to continue to grow its dividend each year. We also cover the… Read More
AMM Dividend Growth Podcast Episode 1 – Starbucks Dividend Growth
Download the full Starbucks dividend letter below AMM Dividend Letter #38: Loss Aversion, Fear, and Starbucks Subscribe to the AMM Email List to get everything we send to our clients. AMM Email Newsletter You can find Pershing Square’s Starbucks presentation… Read More
AMM Dividend Letter 38: Loss Aversion, Fear, and Starbucks
We’re going to flip a coin one time. If the coin lands on heads then you win $200. But it the coin lands on tails you lose $100. Are you willing to play this game? If you’re like most people… Read More
How Likely is 9% Growth for Starbucks?
A key component in the economic profit models I ran for Starbucks is the assumption that Starbucks will maintain a growth rate of 9% over the next 5-10 years. A common estimate I’ve seen in other research pieces. The question… Read More
Valuing Starbucks with Economic Profit Models
: My original economic profit model had an error. It was overestimating future invested capital. I kept the original images of each economic profit model but added updated values below them. This also changes my conclusion about Starbucks being overvalued… Read More