NEW YORK (TheStreet) –”You gotta know when to hold ‘em. Know when to fold ‘em.” — Kenny Rogers.
Hedge fund manager and part-time poker player David Einhorn has followed that advice, cutting his positions in Best Buy and Dell, he told investors in a letter today.
The Greenlight Capital manager, known for his short positions in Lehman Brothers and Green Mountain Coffee Roasters, noted that the investments in the two companies underperformed, and it was time to move on. …
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Read more: David Einhorn Folds ‘Em: Dell, Best Buy Gone
Green Mountain Coffee Roasters shares plummeted in premarket trading Thursday after the company reported quarterly revenue that missed estimates and lowered its guidance for 2012.
Here is the original post: Green Mountain shares sink 40% on weak outlook
The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
NEW YORK (Trefis) — The single-serve coffee segment is being eyed by many prominent players including Starbucks, Wal-Mart and Sara Lee, which have expressed interest in this segment.
Convenience, affordability, ease of usability and high-quality coffee at home are the key drivers behind the growth in the single-serve coffee industry. Green Mountain Coffee Roasters is a dominant player in the U.S. single-serve coffee market controlling more than three-quarters of the market and around 8% globally.
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See original here: Green Mountain Coffee Gets Boost
Green Mountain Coffee Roasters has unveiled a new brewing system to build on the popularity of its K-cup brewing system, which may face competition after two key patents expire in September.
More: Green Mountain Coffee’s new Vue
Shares of Green Mountain Coffee Roasters surged nearly 25% Thursday after a stellar earnings report. After the closing bell Wednesday, Green Mountain reported $96 million in net income for the quarter ended in December, a 264% increase over the same quarter in the previous year that crushed analyst estimates.
Original post: Green Mountain Coffee shares surge