Thursday, November 10, 2011

Green Mountain gets slammed...

Green Mountain Coffee Roasters Inc. (GMCR). The company’s weak quarterly revenue raised fears about the company's growth potential, as sales of its Keurig coffee makers did not rise as much as Wall Street had expected. Fourth-quarter net income was $75.4 million, or 47 cents a share, compared with $27 million, or 20 cents a share, a year earlier. It estimated an adjusted profit of 35-40 cents a share in the first- quarter.


GMCR is down 20 points premarket to $47.  The stock was as high as $115 on September 20.

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