Green Mountain Coffee Roasters lowered its earnings expectations for the year because of difficulties predicting consumer demand for its Keurig single-serve coffee brewers and packs, further stoking criticism about its accounting and sending its stock down 41% in after-hours trading.
By Stocks & Shares:Green Mountain Coffee Roasters (GMCR) is trading at price-to-earnings multiples below other coffee companies while its growth trajectory is among the best of its peers. For this reason it is a compelling buy opportunity. It is not as trendy as other brands or stocks, but its valuation is compelling.
Green Mountain Coffee shares dropped 44% after the company said it will make less money this year and is having trouble predicting consumer demand for its Keurig single-serve coffee brewers and packs.
By Valuentum:
There are stocks with bull and bear arguments, and then there's Green Mountain Coffee Roasters (GMCR). A lot of shorts recently became interested in the stock when hedge-fund manager David Einhorn released a presentation detailing his bearish argument against the firm. The company's shares went into a large slide, losing over 50% of its value from that time.
NEW YORK (Reuters) - Long before David Einhorn raised red flags about Green Mountain, a little-known analyst from a St. Louis-based brokerage firm had already flashed warnings. The shares of Green Mountain Coffee Roasters Inc lost nearly half of their value last week after the company cut its outlook and badly missed sales estimates on Thursday. The company, which makes Keurig coffee brewers and single-serve coffee cups, closed at $25.87 after trading as high as $115.98 in September. ...
NEW YORK (Reuters) - A wave of new single-serve coffee brewers is coming to market in the United States, offering consumers more choices and stepping up pressure on market leader Keurig and its parent company, Green Mountain Coffee Roasters Inc . This month, Bunn, maker of commercial beverage equipment, will launch a home version of its single-serve coffee machine. The machine, called MyCafe, will work with Keurig's K-Cups, even though it is not licensed to do so. Also later this month, about two-thirds of U.S. ...