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Coffee Stock #1 – Caribou Coffee Company (CBOU)
Caribou Coffee Company (CBOU) is sometimes seen as a Starbucks knock-off, but this company can definitely stand on its own. The Minneapolis-based Caribou is the second largest company-owned gourmet coffeehouse operator in the United States, based on the number of coffeehouses.
As of 2009, Caribou Coffee had 515 coffeehouses, including 101 franchised locations. The company offers high-quality gourmet coffee and espresso-based beverages, as well as specialty teas and whole bean coffee.
With its latest earnings totaling 19 cents per share, CBOU beat estimates for the fifth time in as many quarters. The positive report was due mostly to cost-cutting, but the company holds no long-term debt and continues to see sales improve thanks to a great product line.
I rate CBOU an A or strong buy.
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