Contrarian Corpus
Pershing Square vs. Starbucks

Starbucks · SBUX

1 deck published between 2018-10-09 and 2018-10-09 — 43 pages, 43 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2018-10-09 initial thesis

    2018 10 Pershing Square Starbucks Presentation Oct 2018

    43pp · conference_presentation

    Starbucks at 22x forward P/E vs. 26x historical average is a rare chance to own a category-killer coffee brand — fixable U.S. SSS and a $14bn buyback reverting the multiple doubles the stock.