Coffee Stock Market News
There is a ton of news about the coffee business and the stock market. "Dunkin' Brands" -- see if you can guess which coffee and donut company they own -- went public yesterday and their stock went up 46% from the opening price. (FYI this means the investment bank cheated the company by mispricing their stock.)
Next, Green Mountain Coffee jumped 20% to go over $100 a share after a great earnings report. Share prices have more than tripled in a year. This is about deals with Starbucks and Dunkin' Donuts for coffee in K-Cup portion packs that are used in Keurig single cup coffee makers for home and office. This is the latest tulip that Wall Street is bubbling up.
Peet's stock has been soaring. Motley Fool has an earnings report preview.
And Starbucks reports later today. The Street says,
Analysts are calling for Starbucks to have earned $258.8 million, or 34 cents per share, on revenue of $2.85 billion in its fiscal third quarter. In the year-earlier period , Starbucks earned $207.9 million, or an adjusted 29 cents per share, on revenue of $2.61 billion. If Starbucks meets expectations it would be a 24.5% profit increase year over year.
None of which has anything to do with the taste of the coffee.