Do you know how JVA got their foot in the door with WMT? GMCR relationship is how. Interesting. Good Day
All good points: Go back to 2013 when JVA announced they were going to discontinue the divi to refocus on branding. JVA knew what they were doing back then, they just needed to fast track the plan.
1st Phase : JVA expands into Tea as well as expanding network / territory.
2nd Phase: JVA discontinued hedging so prospective buyers could get accurate value.
3rd Phase: JVA needed to show they could lock in Large customers
4th Phase: Hire Loilois to get the word out that JVA was looking to be acquired.
5th Phase: As you stated Loilois released because sale will be done within inner circle.
6th Phase: Patience and don't listen to short's.
Focus on the month of March. You'll have your answer on whether it was smart to hold or sell. Good Day
There are more parts going on right now then you can even imagine...
If the GMCR news was truly perceived to be bad would we have only traded minimal shares the last 2 days? Really?
You need to think outside the box and not let some clueless short try to shake your shares. You will regret it.
You hit the nail on the head. Short interest is down significantly. Hard core basher is just simply yelling into the wind. He can't even claim the sky is falling because the short interest doesn't reflect it! Just another huge tell.
Obvious investors like myself didn't give him the platform he desired by the price action of the shares yesterday. yet another huge tell.
Be patient there is more to the underlining story for the serious investors. Good Day
GMCR needed 3 locations for importing coffee and housing in Seattle, Virginia and New Jersey. Things are not what they appear on the surface. Don't jump to conclusions. This process was a costly endeavor that also is potentially power play.
J.M. Smucker Completes Acquisition of Rowland Coffee
May 17, 2011 — 10:38 AM EDT
Share on FacebookShare on Twitter
Don't Miss Out — Follow Bloomberg On
Facebook Twitter Instagram YouTube
Share on Facebook
Share on Twitter
J.M. Smucker Co., the third biggest U.S. coffee maker, said it completed the acquisition of Rowland Coffee Roasters Inc.’s coffee brands and business operations for $360 million.
The purchase of the Miami-based seller of Hispanic brands Cafe Bustelo and Cafe Pilon will help J.M. Smucker of Orrville, Ohio, expand its coffee business in the northeast of the U.S. and southern Florida, where Rowland Coffee’s distribution channels are concentrated, according to a statement today.
Rowland Coffee is the first company that J.M. Smucker acquired since it bought Folgers Coffee Co. from Procter & Gamble Co. in 2008, according to a filing with the Security and Exchange Commission. J.M. Smucker, led by Co-Chief Executive Officers Timothy Smucker and Richard Smucker, gained 30 percent in the past year, compared with 17 percent for the Standard & Poor’s 500 Index. The company fell 22 cents, or 0.3 percent, to $75.22 in New York Stock Exchange trading today.
“The addition of the Cafe Bustelo and Cafe Pilon coffee brands, each with a rich heritage, provides us with a unique opportunity to establish a strong presence in coffee with Hispanic consumers in the U.S.,” said Richard Smucker in the statement.
J.M. Smucker said the merger will add about 5 cents a share to fiscal 2012 earnings, excluding the one-time costs of the transaction, which may reach as much as $30 million, according to the statement. About $10 million of the one-time costs will be incurred in fiscal 2012 and the rest through 2014.
Manufacturing operations will be consolidated into J.M. Smucker’s coffee facilities in New Orleans in about three years, the company said.
Sales at privately held Rowland Coffee surpassed $110 million in 2010, the statement said.
J.M. Smucker started in 1897, when Jerome Smucker opened a mill and first pressed cider in Orrville, Ohio, according to the company’s website. He then began selling apple butter from the back of a horse-drawn wagon.
Smucker’s sells products such as ice cream toppings, jams and syrups under its name. The company owns more than 30 brands in the U.S. and Canada and exports its products globally, according to a SEC filing.
Before it's here, it's on the Bloomberg Terminal.
In 2010 they generated 110 million in sales. JM Smucker picked them up for.... 360 million dollars and incorporated into business to reduce margins. Make no mistake JVA is being manipulated to look like stock is out of favor, it's not. Who ever is manipulating this is trying to keep it on the down low. That will last only so long...
That is correct as well!
That is correct!
I suspect multiple bids. I still believe JAB takes JVA. The relationship GMCR has with JVA is a known that will not be over looked. IMHO. Common