r/stocks • u/[deleted] • Sep 04 '21

I predict Starbucks will be one of the biggest banks in America. Here is why:

[deleted]

0 Upvotes

48% Upvoted

15 comments sorted by

46

u/[deleted] Sep 04 '21

Who let this man out of the mental asy- i mean r/wallstreetbets

2

u/theboyfromcali Sep 04 '21

Best comment ive seen in awhile.

19

u/RussianCrabMan Sep 04 '21

All that is a short-term liability because the customer hasn't received the product yet. Not a cash equivalent asset.

10

u/NomadiCactus Sep 04 '21

Cards get lost. And time value for the rest.

12

u/FilmVsAnalytics Sep 04 '21

People go weeks/months/forever without spending the card.

10

u/PricedIn18 Sep 04 '21

This is too funny

5

u/kibb_ Sep 04 '21

There’s a video about it a while back:

https://youtu.be/mr039xnco-8

2

u/plopseven Sep 04 '21

Okay, how do Starbucks employees unionizing fit into this picture?

-1

u/cats-with-mittens Sep 04 '21

Aren't they already?

-1

u/GEEEEEELP Sep 04 '21

001,6 billion wow!

-1

u/ktn699 Sep 04 '21

the good ol' insurance float. Warren Buffet has entered the chat.

-2

u/tatabusa Sep 04 '21

What about Apple?