Green Mountain reported third quarter adjusted...
Shares of Keurig Green Mountain are going crazy...
Green Mountain Coffee Roaster shares spiked more than 14% on the open after reporting better than expected earnings. The shares were wobbling violently in after-hours trading, as the company also reported a $US1 billion buyback and pulled first quarter guidance back.
Billionaire hedge fund manager David Einhorn of Greenlight Capital was on Bloomberg TV’s “Market Makers” moments ago. The famed short-seller says that he’s still short Green Mountain Coffee Roasters. He admitted that it’s been “one of the tougher things in our portfolio this year.” “The books are over caffeinated, if […]
UPDATE: Green Mountain’s earnings release is out.
[credit provider=”Flickr”] Green Mountain’s fiscal Q4 adjusted earnings came in at $0.64. Revenue was $947 million.
[credit provider=”Kim Bhasin / Business Insider”] Starbucks has taken the next step to snatching away more of Green Mountain and Nestle’s share of the single-serve coffee market.This morning, it will start selling its Verismo machine — which brews coffee, espresso and lattes — in Starbucks locations across America, reports Lisa […]
[credit provider=”UggBoy / Flickr” url=”http://www.flickr.com/photos/uggboy/7170695936/”] According to a new SEC filing, coffee Italian coffee giant Luigi Lavazza boosted its stake in Green Mountain Coffee Roasters to 10.5 million shares from 7.7 million shares.This represents a 6.8 per cent stake in the company.
[credit provider=”Toby Talbot/AP Images”] UPDATE (4:00 p.m.):Green Mountain Coffee Roasters cut its full year sales forecasts this afternoon, after the company reported it beat the Street’s bottom line expectations.
[credit provider=”Toby Talbot/AP Images”] Faced with margin calls, Green Mountain Chairman Robert Stiller and Lead Director William Davis were forced to sell shares earlier this month.Both will remain members of the board, but will be stripped of their leadership titles.
[credit provider=”Courtesy of Bloomberg” url=”http://www.bloomberg.com/news/2011-07-26/scene-last-night-ackman-tilson-susano-sabat-mudrick-britton-martone.html”] Bow down to this week’s most successful hedge fund manager: Whitney Tilson.Let’s review:
[credit provider=”David Einhorn, Greenlight Capital Value Investing Conference” url=”http://www.scribd.com/fullscreen/69439536″] Green Mountain shares have been in free fall since last October when hedge fund magnate David Einhorn raised serious questions of the company’s accounting practices.Specifically, in three slides (pages 94, 95, and 96), he details field research Greenlight Capital conducted that […]
After Green Mountain Coffee slashed its yearly sales estimates on lower demand from the first quarter of 2012 yesterday, shares of the coffee seller tanked in after-market trading. Now, less than an hour before the market open, shares are still down over 40%.
After Green Mountain Coffee slashed its yearly sales estimates on lower demand from the first quarter of 2012, hedge funder Whitney Tilson appeared for a guest segment on CNBC smiling as he said “vindication is sweet.”
[credit provider=”Toby Talbot/AP Images”] Green Mountain Coffee Roasters, the owner of Keurig coffee machines and the coffee packs that fill them, reported in line quarterly results today, but slashed both its top and bottom line guidance as demand faltered.Click here for updates >