A little update for you from my favorite sector. I know very little about a little, and coffee is one of them!
Position 1: Remain short on PEET. Nice entry right here. Holding period is short, so if it goes against you right away, then get out.
GMCR was only recommended on Motley Fool’s Newsletter this month! We gave this stock to you over a year ago. 🙂 Anyway, those fools can enjoy the after party. You can get long or short on this flag pattern…
Quote from Motley Fool Newsletter:
The Foolish Bottom Line
You don’t have to be a java junkie to get a buzz from Green Mountain. A proprietary razor-blade model, a growing installed base, and legions of addicted fans have made the company’s stock nearly a four-bagger on our scorecard. But Green Mountain’s coffee sales last year represented only about 2% of the $18 billion U.S. coffee market — and that’s not even considering international opportunities like the Lavazza partnership. Better pour a fresh cup; we’re going to be here a while. – 9/1/10
Thanks for the “Lavazza Partnership” tip! I’ll be keeping an eye on how that plays. Meanwhile, by coincidence, I am drinking StarBucks coffee as I type this. I feel dirty.
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I don’t get Motley Fool. Poopinski. Every call I’ve ever seen them make was wrong.