Who Will Be The Next Green Mountain Coffee?
By New Century: It isn't often that a stock falls 50% in a single session, but Green Mountain Coffee Roasters (GMCR) had the unfortunate distinction of doing just that on May 3rd after a worrisome earnings release.Though the extent of the move may be somewhat surprising, the short case was far from unknown. David Einhorn, a well-known hedge fund manager, presented a very thorough case as to why longs were doomed. Sam Antar, the self-described "former criminal CFO of Crazy Eddie's" turned fraud-investigator, has been talking about the imminent downfall of GMCR for quite some time. (He also tweeted a picture of a victory martini recently). But GMCR's decline has already been thoroughly covered, so a more important question may be: what stock will be the next GMCR, that sheds a significant portion of its value in the blink of an eye?Some of the high-fliers of the market have already fallen.Complete Story »
- Original article
- Login or register to post comments
