Green Mountain Coffee and Caribou Coffee Struggles Look to Continue as Coffee Prices Expected to Rise
The Paragon Report Provides Stock Research on Green Mountain Coffee Roasters and Caribou Coffee
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/07/12 -- Coffee stocks after a good start to the year have cooled off significantly. Coffee prices have been near record lows but are expected to rise in the near future. Brazil, home to roughly one-third of the world's coffee beans, has been experiencing some major problems with their current harvest. The Paragon Report examines investing opportunities in the Coffee Industry and provides equity research on Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) and Caribou Coffee Company, Inc. (NASDAQ: CBOU).
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Brazil was expected to produce one of the largest crops of Arabica beans on record, and prices have dropped as much as 21 percent as a result. But recent dry weather has produced doubts about the Brazilian harvest. Government estimates of just over 50 million 60-kilogram bags fell under private estimates of 60 million bags. With prices near 17-month lows there are also growing concerns that farmers in Brazil will hold their supplies off the market in an attempt to force prices higher. Farmers in Vietnam, the second largest producer, used the same tactic with successful results for their supplies of robusta beans. Prices for robusta beans in London have gained 14 percent this year.
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Green Mountain Coffee Roasters is recognized as a leader in specialty coffee and coffee makers, and acknowledged for its award-winning coffees, innovative brewing technology, and environmentally and socially responsible business practices. Shares of the company plummeted Thursday after the company cut its outlook and sales badly missed estimates. The stock was at an all-time high of $115.98 in September but fell to $25.87 at close Thursday.
Caribou Coffee Company, the second largest company-owned premium coffeehouse operator in the United States based on the number of coffeehouses, recently reported financial results for the first quarter of 2012. Net sales for the quarter of $80.5 million increased $8.3 million, or 11.4%, from $72.3 million in the comparable quarter of 2011. The company hit estimates but GAAP results lagged.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 07.05.2012 - 12:20 Uhr
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