I am not certain how I feel about the food prices Francorp guy, but I do agree with mpharbold1 that the company does appear to be overvalued. Maybe it is because it is a franchise though and there aren't very many on the public market. Remember SBUX isn't a franchise and probably never will. Maybe if they had franchised they wouldn't be in this situation with having to close 600 stores. What do you think Francorp guy about Starbuck's and franchising? You are the franchising expert, lend some thoughts.
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I am surprised that you didn't enjoy "The World is Flat." While it is long, redundant, and not necessarily all original thought; it does pose some good thinking points. I think maybe what the Francorp guy was meaning to say is that if you are serious about business and international business you need to be aware of the things discussed in the book. While the book could have been at least half the length, it is rather colorful and insightful with the examples and stories he tells throughout. Friedman does paint a good picture and does a good job of putting together and summarizing all of the things that are going on in the new and future business world. In terms of using this book for international investing, sorry Francorp guy, you're on your own with that one.
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