Keurig Green Mountain Inc. on Tuesday recalled more than 7 million of its single-serve brewing machines after finding that water can overheat and spray out at users.
The company said it has received 90 burn-related injury reports and about 200 reports of hot liquid escaping from the brewer overall.
The Mini Plus Brewing Systems, made in China and Malaysia, have been sold at retailers including Target Corp and Wal-Mart Stores Inc. starting in 2009 for about $100.
Seth's last name is Golden...so it doesn't really take a lot of "audacity" to call himself that.
I am not a Seth defender or apologist but you really need to stop the personal attacks on him. Seth and I have disagreed often on this board far more than we have agreed but he does does not deserve to be called a criminal and worse by you.
You really should knock-off the personal attacks. Your name calling doesn't make Seth look bad...it makes you look bad.
"The FACT is that SODA has 10 million active users." That statement is one of many examples of how you misrepresent a fact.
SODA's Growth Plan presentation on 10/29 says that they have 8.5 million active users.
Why don't you read the presentation and learn the facts...or would you prefer to continue to make up your own "facts"?
Posters on this board come and go, SODA bulls turn into critics, nonsense and venom are spewed, dogs and cats are living together (according to Papa)...but the one thing you can always count on is DrJ being the voice of reason and optimism.
I hope SODA is a ten-bagger for you. Happy Holidays DrJ!!
Thanks for your support Papa!! :) Your post made me laugh.
That guy makes my head spin! He never met a fact he couldn't ignore, distort, or make up.
SODA has a healthy and impressive Gross Margin. I think everyone on this board knows that and has known that for a long time.
Forget the Gross Margins...they're fine. It's the Net Income line that's a disaster.
Net Income for the past 3 years was: 2012 =$43.86 million, 2013 = $42 million, 2014 = $24.36 million (per guidance).
Net Margins for the past 3 years were: 2012 = 10.1%, 2013 = 7.6%, 2014 = 4.8%
SODA's Net Income will decrease 43% and Net Margins will decrease by more than 50% between 2014 and 2012. Revenue for the same time period will increase $75.7 million but they will drop almost almost $20 million less to the Bottom Line on that additional Revenue.
It's the Bottom Line that matters most..and SODA's Net Income performance has earned them their current stock price.
Seth is correct!
At what point does your theory of "as sales becoming increasing weighted towards Co2 refills, profits margins will INCREASE!" start working?
YTD CO2 sales are up 17%. YTD soda makers sales are down 24%.
Meanwhile, YTD Profit is down 51% and Net Profit Margins are down nearly 50%.
In the Growth Plan that SODA presented on October 29th they referred to their current Flavor packaging as “Detergent” bottles and they showed pictures of the sleek modern-looking "Beverage" and "Fountain Style" bottles they intend to introduce as part of their rebranding initiative.
The BBBY website shows the new SodaStream Free Flavors in the old packaging that the CEO disparaged in his presentation.
I understand the need to flush out old packaging on all of the existing Flavors before rolling out the new packaging but why is SodaStream introducing 7 new Flavors in the old "Detergent" style bottle?
Kzarley05...I copied the following statement from the Pepsi Homemade website:
PEPSI, the Pepsi Globe, SIERRA MIST and CREATED BY US. MADE BY YOU. are trademarks of PepsiCo, Inc.
Why can't PEP sell the "Homemade" flavors directly to their retailers without partnering with SODA?
What exactly does partnering with SODA bring to the table that PEP can't accomplish on their own? PEP could have the product on the shelf in every grocery store in the country in a week via their Direct Store
SODA would clearly would benefit with increased machine and CO2 sales and PEP maintains control of the sales and distribution of their product to a much larger customer base than SODA is capable of reaching.
So your theory is that SODA's sales are fine...even though retailers are going to purchase $50.5 million less product from them this year?
And since the stock is near it's all-time low you're apparently the only person who believes that theory.
johnlastnameq...you're kidding right??
How can you say "Its GROWING CATEGORY!" when sales for 2014 will DECREASE 9% over prior year.
To be defined as a "growing category" don't sales have to be growing?
GMCR has 16% House Hold penetration in a category with 75-80% HH penetration.
SODA has 1% HH penetration in a category with 1% HH penetration.
And Sports Radio listeners are big consumers of Sparkling Water?? Seems like they're advertising to the wrong demographic.
Cold...my apologies. My original post used the term "value added" waters instead of "enhanced" waters. In either case...both include the sparkling/flavored water sub-category.
Spin? Does anyone have to spin anything to make SODA look negative?
amdtripledigits...South Korea? Seriously?
Sparkling/Flavored waters are included in "enhanced waters" in my post and I included it in the categories that are up. Technically I should not have included them with Non-Carbs since they are carbonated. However, the term Carbonated Soft Drinks is typically used to describe soda drinks not carbonated water.
I agree that Sparkling Water sales are up but they are significantly less than the amounts you stated.
I don't think SODA will perform any better as a Sparkling/Flavored Water company than they are currently performing as a Carbonated Soft Drink company. PepsiCo, Coca-Cola, Nestle Waters, Dr Pepper, Danone Waters, Jones Soda, Talking Rain and other beverage companies all have brands in the Sparkling/Flavored Water category. What makes you think SODA can compete effectively against them?
Also, the Sparkling/Flavored Water category may be growing but it is a very small category. Take a walk around your local grocery store and make a note of the shelf & display space of other beverage categories relative to the shelf & display space for Sparkling/Flavored Waters and realize that grocery stores allocate space relative to sales. SODA has just as much competition but they are competing for significantly fewer consumers in the Sparkling/Flavored Water category.
I’ve never understood why people think its good news for SODA that sales of Carbonated Soft Drinks and Colas are declining.
First of all, SodaStream is a Carbonated Soft Drink maker.
Secondly, SodaStream’s two best-selling flavors are Cola and Diet Cola.
Consumers are NOT switching from Carbonated Soft Drinks to “more healthy” Carbonated Soft Drinks.
Consumers ARE switching from Carbonated Soft Drinks to Non- Carbonated Soft Drinks.
All of the growth in Beverages is coming from Non-Carbonated Beverages. Non-Carbonated Beverages include Energy Drinks, Sports Drinks, Juices, Juice Drinks, Tea, Coffee Drinks, Water, and Value-Added Water.
PEP and KO have invested heavily in developing and buying Non-Carbonated brands and both companies have leading brands in every Non-Carbonated segment....including several billion dollar brands.