Close

Starbucks (SBUX) Cuts Verismo Price Up to $100 in Possible Play for Market Share (GMCR)

December 13, 2012 9:32 AM EST
Starbucks (Nasdaq: SBUX) is shares are slumping slightly as the company's official website shows it may be selling the new Verismo brewer at a discount.

The Verismo 580 line (all 4-star rated!) is $50 cheaper at $149.00 each while the V•585 brewer is discounted $100 to $299.00.

It's not clear whether this is special holiday pricing or all around pricing.

Taking a quick look at Green Mountain's (Nasdaq: GMCR) website, the VUE line -- including the V600 and V700 -- are regularly priced at $209.99 and $229.99, respectively. Traders will be anxious to see if Green Mountain will respond to the stealthy price drop by Starbucks.

Both are lower in early trading Thursday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Trader Talk