Considering that the subject of increased competition in K-Cup sales has been discussed in great detail on this site, and was well known to be coming since at least early 2012, it amazes me that Bulls of this stock are surprised now that it is occurring.
Even analysts touting this as a 100 dollar stock, when they know that the party is over, GMCR becoming more of a mature company. They will be around, they will be in business, and they will probably be somewhat profitable in the future. It is the overblown growth expectations that must be dealt with, and this process is occurring now.
However it is baffling that so many people seem blindsided by something that was forecasted so long ago, and was bound to happen, given the basic economics of business. Its called competition.
He buys all the #$%$ companies that make no money, and shorts the solid cash cows that have a long track record of profitability.
He will be living in a homeless shelter by 2015.
Sorry, i replied to the wrong post just now. The point being, fundamentally this is a 20 dollar stock at best. Its all hype and momo now, when it collapses it will be epic. Today was probably the beginning of a 2-3 month painful decline.
Sentiment: Strong Sell
Is there anything more foolish than trying to predict the short term movement of this stock? Actually, I will be surprised if it ever gets over 88 bucks, but I am not going to scream out that it won't. I think that a longer term outlook is a bit more predictable.
Yeah, congratulations on that. Better take profits, that bubble fixing to burst soon.
As people continually spew out garbage like "it looks like a reversal" if it closes up 1% after a 25% drop, or "surely this is the bottom", or that a massive short squeeze is imminent.
Thanks guys. I actually am considering purchase in the 58-60 range, but I certainly will not delude myself that there is no downside left, even if I do buy some shares. If earnings are good, we could see a nice pop. But that is still a few weeks away, so there could be pain until then. ( Or after, for that matter).
Looks like all the hype, upgrades, etc. cannot disguise the facts. This is settling into a mature stock, and without the growth model, will probably be a 55-60 dollar stock by 2015.
Perhaps my longer term outlook for this stock is coming to pass earlier than I thought. Figured it maybe had one more run to 88 or so, based on a couple of quarters where it still appeared to be a growth story. Instead of 60's in 2014, it might go that low by year end.
It has been some years since I actually short sold a stock. I have been a shareholder of GMCR in the past, but would not touch it now. Way too much hype, and lots of question marks about future revenue and especially profit growth.
Overvalued stock, that is my opinion. Not grossly overvalued compared to some, but still a lot of potential downside here.
Technology marches on, but the same criminals still trying to sucker people into buying stock in worthless "companies" like this one. Its always interesting to see how many suckers there are.
Sentiment: Strong Sell
As someone who has traded this company back and forth for many years, I would say that it is a miracle that they survived this long. They seem to be on the verge of profitability. I am holding for bow, no reason to sell, since my current cost basis is low. I am cautiously optimistic about Celsius.
I also happen to love the stuff, as do many people that I have introduced it to.
Looks like the bottom may be quite a ways off. I might buy into this company at some point, but the growth expectations and hype got way out of hand. Looking for further decline into next week at least.
Interesting that you have Strong buy as your sentiment. Looks bad at this point, plenty of potential downside, but who knows?
Tobin smith special. This thing was pumped at a dollar a share about 15 months ago. it was supposed to be an 11 dollar stock by now. They were supposed to already have a marketable product, which, from looking at the numbers, was a complete fabrication. Mr. Smith's last 4 recommendations were all paid pump and dumps, now he has another one, NAMG, that is unraveling before our eyes, just as all of his phony "companies".
Sentiment: Strong Sell
Proof once again that you can say anything you please on the internet, and some goofball will actually think to themself "maybe he knows something".
Or consider that Yahoo Finance or message boards have absolutely no bearing on a stock price.
Oh, sorry, did not mean to rain on your parade of self-importance.
This stock is stuck in the mud. Looks like 78 is a major resistance point. No catalyst, they had their investor day, upgrades, downgrades, etc. Until next earnings announcements or guidance I would be surprised to see it much higher. More downside potential than upside, IMO.