Market Currents

• Tuesday, December 8, 2009

• 08:30 AM A month-long bidding war concludes with Diedrich Coffee (DDRX) agreeing to be acquired by Green Mountain (GMCR) for $290M after Peet's Coffee & Tea (PEET) backed down and said it would not make a counter offer. Green Mountain will acquire all outstanding shares of Diedrich for $35 in cash, and will also pay Diedrich's $8.5M termination fee with Peet's. Comment!

• Wednesday, December 2, 2009

• 05:34 AM Green Mountain Coffee Roasters (GMCR) advances its bidding war with Peet's Coffee & Tea (PEET) for Diedrich Coffee (DDRX), upping its offer to $35/share in cash. Peet's says it believes its current $30.41/share cash-and-stock offer remains superior (but Diedrich begs to differ), but will consider its options over the coming days. Comment!

• Tuesday, November 24, 2009

• 08:43 AM Peet's (PEET), which sells premium coffee and tea, thinks Diedrich (DDRX) will give it a foothold into the fast-growing single-serve K-Cups coffee market. Keurig's machines have exploded in popularity in recent years, but the technology is owned by Green Mountain (GMCR), which wants to bring more of the brands licensed to sell K-Cups under its wings. 1 Comment
• 08:40 AM Green Mountain Coffee Roasters (GMCR) raises its bid for Diedrich Coffee (DDRX) to $32 in cash, equalling Peet's Coffee & Tea's (PEET) raised cash-and-stock offer from yesterday. Diedrich says it's evaluating both offers. DDRX +1.8% premarket. 1 Comment

• Monday, November 23, 2009

• 09:06 AM Peet's Coffee & Tea (PEET) boosts its offer for Diedrich Coffee (DDRX) to $32/share in cash and stock, in response to a bid for Diedrich from Green Mountain Coffee Roasters (GMCR) of $30/share in cash, which Diedrich's board said was superior. Diedrich said it is evaluating the revised offer. PEET -2.5% premarket. GMCR -0.5%. DDRX +27% to $33.12. 1 Comment

• Friday, November 13, 2009

• 08:45 AM Green Mountain Coffee Roasters (GMCR) pays about $157M in cash to acquire Canadian roaster Timothy's Coffees of the World; [[GMCR]] +1.2% premarket. (PR) Comment!

• Thursday, November 12, 2009

• 09:00 AM Premarket gainers: COMS +33%. CAAS +17%. UBET +15%. YUII +10%. JDSU +7%. CVM +6%.
  Losers: BRCD -12%. GMCR -11%. SAY -5%. ABK -4%. Comment!

• Wednesday, November 11, 2009

• 16:06 PM Green Mountain Coffee Roasters (GMCR): FQ4 EPS of $0.34 beats by $0.01. Revenue of $222M (+65%) vs. $217M. Shares -11.9% AH. (PR) Comment!
• 00:10 AM Notable postmarket earnings: AAP, AMAT, CSC, CTRP, GMCR Comment!

• Tuesday, September 1, 2009

• 09:50 AM Guru retail investor Steve Mandel goes long Green Mountain Coffee Roasters (GMCR +0.6%); he now owns 8.3% of the company. Comment!

• Wednesday, July 29, 2009

• 16:11 PM Green Mountain Coffee Roasters (GMCR): FQ3 EPS of $0.36 beats by $0.08. Revenue of $191M (+61%) vs. $194M. Raises full-year EPS to $1.10-1.14 from $0.98-1.02. Sees full-year revenue growth of 58-61%. Shares -9% AH. (PR) Comment!
• 00:10 AM Notable earnings after Wednesday's close: AEM, AFL, AIZ, AKAM, AMKR, AVB, BARE, BMR, CBG, CCI, CDNS, CERN, CLF, CTV, DRE, ELY, EQR, ESRX, FISV, FLEX, FLS, FMC, GG, GMCR, GNK, HBI, HIG, HIW, HLX, LNC, LRCX, LSI, MTZ, O, OI, ORLY, RYL, SYMC, TER, TRN, TSO, URI, V, VAR, WLL, XRAY Comment!

• Wednesday, April 29, 2009

• 16:26 PM Green Mountain Coffee Roasters (GMCR): FQ2 EPS of $0.50 beats by $0.14. Revenue of $193M (+60%) vs. $178M. Sees full-year EPS of $1.47-1.53 vs. $1.31. Shares +17% AH. (PR) Comment!

• Wednesday, October 22, 2008

• 09:20 AM Stressed out from the financial crisis? Executives from Goldman Sachs (GS) to Green Mountain Coffee Roasters (GMCR) say meditation makes all the difference in these tumultuous times. Comment!