IRI data showed slower growth but 50% improvement on price YOY. Regarding July and August,
For the record, Dougherty made similar statements for August and July (however, K-cup prices declined over those comps). Conversely, today's report shows a 50% improvement on price decline YOY. So net-net, this is a better report than the last two months. FYI, GMCR shares initially sold off intraday on the July and Aug report, only to close flat on the day. Today will be no different.
The insty's algies have been mopping up shares like crazy since Investor Day no doubt. I think when the run into the 90's comes, it's going to be fast and brutal. Green light from Fed. P is a good example of what's happening in this environment to the sp of some stocks like this w/ a huge short position like this one.
Great points. I view this as the last chance to buy under $85, so I'm back in this after selling a week ago to buy P. This is heading into its seasonally strongest part of the year and the breakout above that huge 3-month base in the 70-80 range looks great technically. The investor day was a little underwhelming for the short term, but clearly all the instys are seeing $5-8 in earnings power/year + divvies imo. I'm going to try to forget I own this and will set an alert to let me know when it crosses $100, which I think will be in Oct. GLTA.