Green Mountain Coffee Roasted
Last October, David Einhorn of Greenlight Capital gave a bearish presentation on Green Mountain Coffee Roasters (GMCR) to the Value Investing Congress. At the time, the stock was at $82.50. His 111-page presentation, entitled "GAAP-uccino" made the rounds on the Internet. Apparently, a lot of investors took the presentation seriously because the stock slid into 2012.
Since the Keurig acquisition in 2006, Green Mountain has sold over 13 million single-serve brewers and over 9 billion K-cups. From 2006 to 2010, revenue has grown at a 57% consolidated annualized growth rate....705 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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