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Keurig Green Mountain, Inc. Message Board

  • hogdad999 hogdad999 Oct 17, 2012 8:35 PM Flag

    question for newcomer

    Why the plunge from 100 to today's price? I haven't been following this stock. I'm a tech guy. This looks like a good buy. What happened?

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    • SS market was all the rage... this stock was soaring in the $100's... David Einhorn did a presentation about how the patents were expiring this past September (last year he did this presentation) and his company Greenlight Capital went short and stock began to decline... GMCR missed earning by a couple cents earlier this year... stock plunged... from like $60 to $26... I bought at $26. Since then it took another plunge to $17... beat earnings in August, shot up to $33ish... settled back down in this range...

      My observations, the patent expiration's haven't done much to GMCR earnings.... People were fearing the SBUX verismo but so far that seems to be a dud... this may not be in the $100's again, but defintely a $60 stock (my opinion). Good things on the horizon, Xmas is great for this company, new espresso machine on the way, earnings should be great. GMCR has done a lot to expand its distribution base.

      Sentiment: Strong Buy

    • You don’t need to know what happened... You should consider about what is happening

      Sentiment: Strong Buy

    • goldenseth@ymail.com goldenseth Oct 17, 2012 8:48 PM Flag

      Best thing you can do is read as much as you can about GMCR, from the 10k to articles on Seeking Alpha, Motley Fool etc. When reading the filings make sure you also listen to the CCs. Good luck.

 
GMCR
74.87-1.76(-2.30%)1:44 PMEDT