Hey, it's Kramer, and this is my morning take on the market from today's

CBC Investing Club morning meeting.

And then you have Starbucks down 12th straight days dating back to November 17th.

I looked back, the Wall Street Journal published on the 19th.

That was when they said luck and coffee has overtook Starbucks as the largest coffee retailer in China.

That's when it happened.

But it's just been straight down after, what was a terrific quarter, margin expansion?

I know. Luxman-Earson told me that you cannot compare Luckin to Starbucks.

Starbucks is premium there and Luckin is below Duncan. And I think that this is an opportunity. I know that we've seen periodically stocks have great quarters and then come back down. This is highly unusual, and I think it's a good opportunity to buy.

Yeah, I did see yesterday at J.P. Morgan, they lowered their comp outlook for the U.S. to four from six, calling it a less successful Christmas holiday promotion.

I'm not sure about that, but they're still talking about really visible margin expansion opportunities, both in the store and outside the store.

That was one of the key things that Luchman CEO emphasized at the last quarter.

It would surprise me if things have gotten bad there.

That would be contrary to what I had three weeks ago, okay.

And I don't think things changed that much.

That drastically in a couple weeks span.

No.

Another one has changed.

Under 100, a pretty good opportunity here. Oh, I just think it's been very good. We have a lot of it. Would be a buyer if span. No. Another one that's changed. Under 100, a pretty good opportunity. Oh, I just think it's very good.

We have a lot of it.

We'd be a buyer if I didn't.

We didn't have a lot. And I'll tell you one that I wish we had bought, but I talked about it. I am appalled that Procter & Gamble's down as much as this. This is a charge. There's non-cash. when you take a look back to 2015 when they exit to Venezuela you, you had the exact same thing. You had this people who just said, it was like, wow, I mean, you know, if we had it until 20, you would see that the market, it just went down like this. Now, what I'm trying to do is say, don't sell it. You want to buy it. I don't think this is because Nigeria? Yeah, they're restructuring a couple markets, including Argentina and Nigeria, not big growth markets.

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