Is it time to scoop up some Green Mountain Coffee after this huge sell off?
The stock (GMCR) plunged 41 percent to $29.12 after hours. The company’s second quarter earnings per share met analysts’ estimate, but sales were below consensus and they lowered earnings and sales guidance for 2012.
Moreover, their K-Cup patent is expiring very soon. Competitors like Starbucks are going to crush them. But, but…Christopher Walken says Green Mountain Coffee might pop off the huge sell off and be good for a few points if you’re a day trader who likes risk, is a bit crazy.