The Green Mountain (GMCR) got hit hard today, but I’m looking forward to getting long next week, especially if we get another high volume selloff. I like to use these sell-on-the-news items to buy these leader stocks. All GMCR did was cut the bottom line of their estimates and people dump it. Pathetic. Anyway, GMCR will comeback when they surprise. Meanwhile, here’s a quote from the analyst, believe it if you want, but I don’t think it has peaked:
“Astrachan maintains a Sell rating on Green Mountain Coffee Roasters because he “continues to believe the rate of household brewer penetration has peaked and continued declining attachment rates could worsen resulting in lower peak earnings than are anticipated by GMCR shares.”
Meanwhile, I was looking for a way to invest in another coffee company that I’ve consuming a lot lately, the Coffee Bean Teal and Leaf, aka, CBTL. However, there is no “CBTL” ticker, I checked. The only thing I found on their website was a strange looking senior management team. Anyway, I did find another way to hitch a ride on this fast growing LLC. I’m going for their IT business enterprise software partner, Lawson Software Inc (LWSN). With CBTL catching up with StarBucks on the international scale, they need a good ERP company to help them integrate into foreign markets. This partnership has been on for about 5 years now, and with the overall market firming up, I’m expecting LWSN to make a move. Besides, I need a good software company in my portfolio so I’ll start here.
