Keurig is working to clear up the confusion with “exceptional service,” Kelley said, and an “unmissable” message in the brewer’s packaging that lets buyers know their old portion packs won’t work in the brewer and that they can receive free replacements by calling a toll-free number.
“Our 2.0 launch got off to a slower start than we planned due to several factors,” Kelley said. “There was confusion among consumers whether 2.0 would still brew all their favorite brands, and lower-than-expected ratings early on weighed on brewer sales during the key holiday season
Kelley said Keurig missed projected revenue for the quarter by about $100 million, primarily because of slow sales of the new 2.0 brewer and a recall of the Mini Plus brewer.
Keurig recalled more than 7 million of the single-serve Mini Plus brewers after reports that a number of them had spewed hot liquids and injured dozens of users.
Keurig Green Mountain President and CEO Brian Kelley delivered less-than-stellar news on the company’s first quarter performance in a conference call Wednesday, saying sales of $1.4 billion were essentially flat from the previous year.
Investors have seldom gone wrong buying ExxonMobil on the dip, but the shares, down just 10% since June, haven’t fallen as far as competitors. Its purchase in 2010 of gas explorer XTO made its production more heavily weighted to natural gas, which could remain depressed longer than oil.
long run stable relationship between crude oil and natural gas prices
Importantly, we conclude that U.S. natural gas and crude oil prices remain linked in their long-term movements.
go read some baker institute research, moron
well, simpleton, natural gas prices do follow oil prices, and this natural gas co also does some oil
any other questions, genius?
Barron’s last follow-up on oil, published Dec. 8, was titled “The Case for $35 a Barrel Oil.” At the time, the price was around $66, and now we’re more than halfway there. Citing the 2008 bear market as precedent, Steve Briese of the Bullish Review of Commodity Insiders, the original source of the $35 target, now believes that WTI could touch $20.