Calling MLA, geo, Twice the Man…any opinions on Davids Tea?
long term, i think it’ll be a hard road for DTEA to compete well against SBUX/Teavana. while i know DTEA has a lot of brand value in Canada versus Teavana, i don’t think there’s much brand value outside of Canada and i think it’ll be hard to build that. that said, short-term, a consumer discretionary company with a net cash position and growing at almost 20% per year trading at 35x is not unreasonable. bottom line is i hate tea and don’t understand why someone would pay so much for tea leaves or branded tea related products.