Starbucks: Closing Underperforming Stores Is A Step In The Right Direction

Core Insights - Starbucks (SBUX) shares increased by over 25% following the recruitment of Brian Niccol in August 2024, indicating initial investor excitement [1] Group 1: Company Performance - The initial surge in Starbucks shares was followed by a realization among investors that the challenges facing the company do not have a quick resolution [1] Group 2: Investment Strategy - The focus is on investing in companies with strong qualitative attributes, purchasing them at favorable prices based on fundamentals, and maintaining long-term holdings [2] - The investment approach emphasizes a concentrated portfolio aimed at minimizing losses while maximizing exposure to high-potential winners, often resulting in a 'Hold' rating for companies with limited growth opportunities or high downside risks [2]