Green Mountain Coffee Roasters Inc. Message Board
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little green beans counts 1,3,5,7,9, ?
this coffee stew smells like phew
who's involved ? riddle will be solved !
Roy Jacobs & Associates Investigating Green Mountain Coffee Roasters, Inc. for Possible Securities Law Violations...
The coffee company disclosed late Tuesday that the SEC has requested information, which it believes to be about its revenue-recognition practices and its relationship with an unnamed vendor. It also said it had INFLATED its income because of an accounting error in 2007 and would take a $4.4 million charge in the fiscal fourth quarter...
Analysts speculated the SEC investigation involves the company's relationship with vendor M. Block & Sons Inc. Green Mountain sells the brewing systems to M. Block, which then re-sells to select retailers.
Stifel analysts said M. Block had accounted for 35% of Green Mountains net sales and 50% of its accounts receivable in fiscal 2009. That was double the amount of revenue M. Block did in 2008 for Green Mountain and a significant boost to receivables as well. Stifel had earlier said it believes M. Block sells the products to such big-name retailers as Bed Bath & Beyond Inc. (BBBY), Target Corp. (TGT) and Wal-Mart Stores Inc. (WMT).
Stifel also noted that Green Mountain has changed how and when it recognizes revenue in recent years... (END) Dow Jones Newswires
September 29, 2010 10:59 ET (14:59 GMT
-------------my thoughts
But despite the stock drop and now slightly murkier outlook, analysts were rushing to COVER their derivative behinds the investigation is unlikely to cost them anything.
Analyst called the share drop an entry point for those who think a better environment for green bean counters is likely. Yes it's only a penny a year, or about 3 cents* in total, and if you believe this "will prove to be immaterial" you have more than ten toes to count with materially speaking.
*for those with only tens toes THE .03 SENSES = three years of being beaming teeming bean counting eh whose mounting...-
eom.......
- 1 Reply to elmojitogatico
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SEC inquiry
On September 20, 2010, the staff of the SEC’s Division of Enforcement informed the Company that it was conducting an inquiry and made a request for a voluntary production of documents and information. Based on the request, the Company believes the focus of the inquiry concerns certain revenue recognition practices and the Company’s relationship with one of its fulfillment vendors. The Company, at the direction of the audit committee of the Company’s board of directors, is cooperating fully with the SEC staff’s inquiry.
EVER READ THIS BEFORE?
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"Roy Jacobs & Associates Investigating Green Mountain Coffee Roasters, Inc. for Possible Securities Law Violations..."
This is a lawfirm trolling for business. They had someone post on this message board for people to contact them for legal services. In Florida, where I am, that would be a Bar violation.- 1 Reply to sas912
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bar tender tender that bender a new fender
crashes cause ashes
flash on CNBC bumble bees flees
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M. Block had accounted for 35% of Green Mountains net sales and 50% of its accounts receivable in fiscal 2009. That was double the amount of revenue M. Block did in 2008 for Green Mountain and a significant boost to receivables as well.
35% is in play no hay on sale could fail
50 % of AR arr!
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