Einhorn Lays Out Short Case On Green Mountain Coffee (GMCR), Shares Sink
Tweet
Share
E-mail
Get Alerts GMCR Hot Sheet
Join SI Premium – FREE
Shares of Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) are under heavy pressure mid-day Monday after noted hedge fund investor David Einhorn of Greenlight Capital made some negative comments about the single-serve coffee operator at the Value Investing Congress in New York.
Einhorn noted that the company has seen its rapid growth through acquisitions and the company has poor transparency. He notes that the market is smaller than bulls believe and said K-cups are too expensive. He also said the company is not generating FCF and acquisitions have a high allocation of goodwill.
Shares of GMCR are down 8 percent to $84.65 in intra-day action Monday.
Einhorn noted that the company has seen its rapid growth through acquisitions and the company has poor transparency. He notes that the market is smaller than bulls believe and said K-cups are too expensive. He also said the company is not generating FCF and acquisitions have a high allocation of goodwill.
Shares of GMCR are down 8 percent to $84.65 in intra-day action Monday.
Create E-mail Alert Related Categories
Hedge Funds, Trader TalkRelated Entities
Value Investing Congress, Greenlight Capital, David Einhorn, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
