Green Mountain Coffee (GMCR) Sees Continued Weakness on Einhorn Thrashing, Short Sale Rule In Effect
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Short sale rule 201 just went into effect on Green Mountain Coffee (Nasdaq: GMCR) again as the stock continues to get pounded after hedge fund manager David Einhorn disclosed he is short the shares earlier in the week.
On Monday, presenting at the Value Investing Congress, Einhorn raised a number of serious questions about the company. Einhorn highlighted negative cash flow, expiring patents, and surging capex.
Shares of Green Mountain are down 11.7 percent today and 21 percent on the week.
On Monday, presenting at the Value Investing Congress, Einhorn raised a number of serious questions about the company. Einhorn highlighted negative cash flow, expiring patents, and surging capex.
Shares of Green Mountain are down 11.7 percent today and 21 percent on the week.
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