Canaccord Genuity Morning Coffee on Green Mtn. Coffee (GMCR): Sliding Down the Mountain

Canaccord Genuity Morning Coffee on Green Mtn. Coffee (Nasdaq: GMCR): Sliding down the mountain.

Shares of Green Mountain Coffee Roasters were in the red Thursday (but turned positive this morning) amidst confusion about a recall of coffee brewers in Canada. Sunbeam Products, in cooperation with the Consumer Products Safety Commission and Health Canada, has announced a recall of the Mr. Coffee Single Cup Brewing System. Green Mountain issued a statement regarding the recall to clarify that the Keurig Single Serve Brewer models are not involved in the recall, nor are any other brewers featuring Keurig Brewed technology. Sunbeam has a license from Green Mountain to use certain aspects of Keurig’s technology to enable Mr. Coffee Sing Cup brewers to use Green Mountain’s K-Cup packs. Green Mountain management said that it does not expect the recall to impact its financial results or outlook.

---

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

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
• S&P 500 may pull back before midterms, but Citi says buy the dip