So now it's up to the board to find Einhorn's presentation at the Value Investing Congress and see what he has to say.
I'm sure one of our regular contributors will locate it and post it within a few days.
They are talking about Sturm Foods that already makes a poor knockoff of the k-cup. Apparently they modified a machine that made Crystal Light pods. We'll have to take a look into that more closely.
<What is interesting is that they found manufacturers who already have the technology to make kcups in a foundry setting, which means that there should be product on the shelf after the k-cup patents end. >
Really? Where? What kind/brand of coffee? How does it taste? It better taste good and it will have to be priced to compete. When the original kcup patent expires, there will be some competition that will result is some trial/tasting of these other units. But will that trial dent the 5 billion units GMCR will sell? Remember that GMCR has many follow on patents that improved the original kcup and remember that the machine patent has several years left (piercing the top and bottom of a kcup to make a beverage).
“I have a position” in the stock, Einhorn disclaimed, adding that he can change it any time.
Well now, what a concept. Would that be long or short.......or both? If you bash a stock that you are long on (and the market actually responds) it clearly serves the purpose of buying more shares at a much lower price.......and just before earnings? Hmmmm. There is nothing new about the DD or SBUX kup deals. We already know that GMCR makes less money on those kups. Duh! Who is he trying to kid?