Tag Archives: Green Mountain Coffee Roasters

Green Mountain shares sizzle on Starbucks deal

Green Mountain Coffee Roasters shares are soaring today on
news of a renewed deal with coffee giant Starbucks.

Green Mountain Coffee

Green Mountain Coffee

Shares were up more than 24 percent at midday to $73.90.

Green Mountain has a sizable presence in Knox County with
about 900 employees and a roasting and distribution plant in Forks of the River
Industrial Park, according to the Knoxville Business Journal Book of Lists.

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Green Mountain merger target?

 

Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?

Green Mountain Coffee

Green Mountain Coffee

The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.

Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.

 

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More Green Mountain Coffee troubles

The day after a board shake-up, the headlines aren’t any better for Green Mountain Coffee Roasters or its former chairman, Robert Stiller.

Wall Street Journal: Green Mountain’s Credibility Questioned After Board Shuffle

Wall Street Cheat Sheet: Did This Margin Call Cost Green Mountain’s Chairman His Job?

MarketWatch: Green Mtn.’s Stiller dumps Krispy Kreme stake

Barron’s: GMCR Chairman, Lead Director Replaced After Margin Calls

Trouble brewing at Green Mountain Coffee?

Shares of Green Mountain Coffee Roasters are up today, but the company has brewed mostly
coffee1.ASB%2310644.jpg bad buzz in recent days.

The headlines have to give local economic development officials heartburn. GMCR, which has a large roasting and distribution operation in East Knox County, represents one of the region’s largest manufacturing investments in recent years.

The stock price has lost about half its value in the last week. And some observers question the company’s spending.

The latest headlines:

Wall Street Journal: Green Mountain chairman hit by margin call

Seeking Alpha: Green Mountain’s Capital Expenditures Raise Questions

Reuters: With Green Mountain, one analyst had it right

Green Mountain, Starbucks expand partnership

 

Green Mountain Coffee Roasters Inc., which has a significant manufacturing presence and 500 employees in Knox County, has dodged a Starbucks bullet.

Green Mountain Coffee

Green Mountain Coffee

Shares of Green Mountain are up more than 7 percent in morning trading on news of an expanded partnership with Starbucks Coffee Co.

Green Mountain had seen its share price drop sharply in recent weeks after Starbucks launched its Verismo single-serve coffee system in competition with Green Mountain’s Keurig Vue single-cup machines.

 

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What’s up with Green Mountain and Ruby Tuesday?

Today’s market rally is boosting a couple of stocks of local interest that have struggled to hold their value in recent weeks.

Shares of Maryville-based restaurant chain Ruby Tuesday were up about 3.3 percent at midday to $6.92. Shares of Green Mountain Coffee Roasters, which has a major roasting and distribution operation in Knoxville, were up about 3.6 percent to more than $51.

However, RT stock remains close to its 52-week low, and GMCR has seen its share price cut in half in the last two months. Check out these online commentaries about Kevin Clayton’s recent purchase of RT stock; and Green Mountain’s rapid price drop.

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Ruby Tuesday needs a good cup of coffee

 

Restaurant chain Ruby Tuesday Inc.’s stock price slumped to a 52-week low today – $8.54. The

Ruby Tuesday

Ruby Tuesday

high $15.57 – came back in January and the Maryville-based company has been shedding value ever since.

Maybe RT should cut a deal with Green Mountain Coffee Roasters Inc. Investors are in love with the ruby2.co%237728.jpgmaker of the Keurig Single-Cup Brewing system.

Shares of GMCR which has large distribution and roasting plant in Knox County, continued their upward march today, surging above $110.

 

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Green Mountain, Starbucks together — finally

Green Mountain Coffee Roasters, which has a large roasting and distribution plant in Knox County, has struck a much anticipated deal with Starbucks, the big dog in the retail coffee business.

Investors like the news. GMCR shares are soaring, up close to 30 percent by late morning. Trading volume was heavy.

The deal calls for the companies to make single-serve Starbucks coffee and Tazo tea available for Green Mountain’s Keurig single-cup brewing system.

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Green Mountain among fastest-growing companies

Green Mountain Coffee Roasters, which has made a sizable investment in its Knoxville
coffee1.ASB%2310644.jpgoperation, is No. 2 on Fortune’s annual list of the fastest-growing companies.

 That’s up from No. 11 a year ago.

 The maker of Keurig single-serving brewing systems has seen 55 percent revenue growth and 96 percent earnings per share growth.

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