slow bleed continues. August this stock was in the mid-20s. Putting aside (a huge aside) the accounting inquiries, this stock was headed lower anyway. 60+ P/E and a $4B market cap for a single cup coffee brewer? look out below!
all of the high flyers getting smashed, this would have followed suit anyway. looking for a bottom in the $22-5 range where I plan to sell my puts. P/E will still be outrageously high there, for a company that has issues with revenue recognition!
Certainly, not you. What use is predicting the price correctly if the timing is off? You of all people should know this, as you trade options. This time your time frame was close enough, so consider it luck.
The market has overreacted to the downside on allegations with no evidence, and this stock will correct again. Poor handling of the situation by management hasn't helped matters either. But the chart still indicates an uptrend - higher lows and higher highs. Only a fall under $20 would mean otherwise.
i think the only people with recognition issues are the people in accounting at GMCR. tell me why this stock can't continue to drop? the P/E is still outrageous and the overall market is pulling back. Been hearing that this stock will bounce all the way down from $33. waiting for it to happen.
i'll be back here tomorrow, we'll see who was right.