Green Mountain (GMCR) shares are trading below $20 this morning after brokerage firm Stifel Nicolaus cut the company's full-year earnings estimate by about 20%; the volatile stock this week has given up all of the 20 percent gain it managed in the two weeks previous.

Stifel analyst Mark Astrachan cut the fiscal 2013 earnings estimate for Green Mountain to $1.80 per share, down from $2.27, a 20 percent slashing. According to Thomson Reuters, analysts on average were expecting earnings of $3.05 per share for fiscal 2013. He also put the price target of the stock at $14, which is $5 and change below what it's trading at this morning.
"K-Cup pricing has decelerated in recent months and we anticipate it will worsen due mainly to increased competition stemming from the September 2012 patent loss and to a lesser extent lower coffee prices," Astrachan wrote in his note.
Astrachan is a longtime GMCR bear who put his first sell rating on the stock back in 2009 -- even before David
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