Green Mountain, of Waterbury, Vt., has a “looming patent issue’’ on its single-serve K-Cups and may lose its ability to “monopoly price’’ the packets, hedge fund manager David Einhorn says.
(Herb Swanson/Bloomberg News/File 2011)
MARKET MOVERS
Trouble may be brewing for coffee roaster
Green Mountain, of Waterbury, Vt., has a “looming patent issue’’ on its single-serve K-Cups and may lose its ability to “monopoly price’’ the packets, hedge fund manager David Einhorn says.
(Herb Swanson/Bloomberg News/File 2011)
Green Mountain Coffee Roasters Inc. fell the most in two months after hedge-fund manager David Einhorn said the market for its Keurig single-cup brewers “is smaller than the bulls believe it to be’’ and Green Mountain “has already penetrated a good chunk of it.’’ The company also faces expiring patents and “accounting questions’’ and needs to be more transparent, he said. Green Mountain had no comment.
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