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Green Mountain Founder Sold Stock Before Starbucks Threat By Max Abelson and Leslie Patton
Robert P. Stiller, founder and chairman of Green Mountain Coffee Roasters Inc. (GMCR), sold $66.3 million of his stock before it plunged the most in four months on news that Starbucks Corp. (SBUX) had developed a rival to its K-Cup brewer.
Stiller’s combined sales on Feb. 15 and 24 were his largest in a single month since at least 2003, when the [...] By Peter Brimelow, MarketWatch NEW YORK (MarketWatch) — A bull that dodged the crash (mostly) is eyeing buying opportunities. I’ve been writing about Cabot Market Letter for years. It has a long and impressive record of adroit moves, most recently sticking to and profiting by a brave bullish call made in early 2009. But when I last looked, it was unusually pessimistic. (See [...] via bloomberg: High coffee prices are likely to continue, which may pressure companies such as Green Mountain Coffee Roasters Inc. and Sara Lee Corp., an analyst said Monday. Akshay Jagdale of KeyBanc Capital Markets said in a client note that a Department of Agriculture report from Friday indicates that there is not enough supply to meet old crop coffee demand, referring to the crop from 2009 to [...] |
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