As the name suggests, Green Mountain Coffee Roasters (NASDAQ: GMCR) is based in the pastoral state of Vermont. The company offers about 180 varieties of coffee, cocoa, and tea, which it sells to wholesale customers including supermarkets, convenience stores, resorts, and office delivery services.
Some of its biggest customers are ExxonMobil's convenience stores and McDonald's restaurants. In September, Green Mountain acquired Tully's Coffee, which has been chipping away at Starbucks' dominance in the Pacific Northwest.
Its most recent quarterly earnings came in at 30 cents, more than the estimated 28 cents and well above the 25 cents per share the company earned in the same quarter one year ago. Now that it has beaten estimates, the shares could really take off as a top stock for August.
I rate GMCR an A, or strong buy.
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At the time of publication, Louis Navellier owned shares of GMCR in personal or client portfolios.
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Reader Comments (Page 1 of 1)
8-10-2009 @ 10:33AM
countfleet said...
I play GMCR through DDRX, overlay charts on both and you will find the same pattern except GNCR is a bit more violet
and DRRX is cheaper on dollar cost by 3 to 1.