Monday, August 5, 2013

Forget McDonald’s, Buy Starbucks (Nasdaq: SBUX) Instead

I just discovered the true “capital of coffee”…

I’m currently traveling with my wife and two small children in the Pacific Northwest.

We’re staying in a city called Kirkland, Washington — across the lake from Seattle and a few miles west of Microsoft’s headquarters in Redmond. Costco was founded here, and Google has a growing campus.

The booming local economy can be seen in the housing market, which I described a couple weeks ago. It can also be seen at the local Starbucks (Nasdaq: SBUX) across the street from my hotel.

A fun fact for coffee lovers: Kirkland has more Starbucks locations per capita than Seattle, with 13 locations serving this city of 50,000 people.  (more)

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