Coffee Maker Needs Some Sugar
01.01.70
Green Mountain Coffee Roasters ( GMCR ) , the maker of popular K-cup portion packets and Keurig Single Cup Brewers, saw its stock crater, losing almost 40 percent on heavy volume after its Q4 earnings missed estimates. The news must have had David Einhorn , manager of hedge fund Greenlight Captial ( GLRE ) , dancing in the streets as Green Mountain has been a battleground stock ever since Einhorn publicly announced that he was short on it while criticizing their accounting practices.
Q4 Earnings Miss Expectations
Green Mountain reported fourth quarter revenues of $711.9 million, a year-over-year increase of 91 percent. Fourth quarter profits were $75.4 million, or $0.49 per share, up from $27 million, or $0.20 a share one year earlier. However, these gains were still less than analyst expectations, which predicted quarterly revenues to exceed
Source: Equities.com
NASDAQ Heavily traded Stocks -GMCR, PEIX, MU, DELL, CMCSA
01.01.70
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) surged 6.90%, to close at $43.71 and its overall traded volume was 20.40M shares during the last session with the total traded volume of 10.37M shares. GMCR opened at $41.54 and is trading within the range of $34.06-$44.84. The stock has a 52 week low of $29.55 and 52 week high of $115.98. GMCR’s market capitalization is $6.75B and it has 154.47M outstanding shares.
Green Mountain Coffee Roasters, Inc. is engaged in the specialty coffee and coffee maker businesses. The Company operates in two business segments: the Specialty Coffee business unit (SCBU) and the Keurig business unit (Keurig). SCBU sources, produces and sells more than 200 varieties of coffee, cocoa, teas and other beverages in K-Cup portion packs and coffee in more traditional packaging, including whole bean and ground coffee selections in bags and ground coffee in fractional packs, for use both at-home (AH) and away-from-home (AFH). Keurig
Source: Retirement Planning