One of the stock market all-stars in recent years has undoubtedly been Green Mountain Coffee Roasters (GMCR).
The Vermont-based company burst onto the scene with its wide variety of coffees, teas and other beverages that often come in single serve packs, an innovation that helped propel the company to fame. However, increased competition as of late has made investors sour on the company, pushing GMCR’s stock well off of its lofty heights.
The company has fought off this competition though, and it continues to make a name for itself with its at home brewing accessories leading many to think that the firm is back on track. This is further confirmed by recent trends in the stock price, and some solid news on the estimate front which both suggest that the company is out of the doldrums and back on its way towards prominence.
In fact, GMCR has seen its stock price soar in the trailing three month period, with gains approaching 70% in the time frame, although it still has a ways to go before eclipsing its 52 week high. We believe that the company could be back on track to doing this, as earnings estimates have been soaring as of late making the company an interesting candidate for investors seeking a fresh play in 2013.
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