Keurig Green Mountain stock went though the roof today: on Friday the stock closed at 51 ,today it's up to 89 a buyer from Europe has offer tender offer of 92 dollars.
This company has a most interesting history: it started by guy who made a forture with paper used for rolling up pot. He was skier so started company in Vermont at first the name was Green Mountain coffee.The founder of company run into trouble with government he left company. In meantime investor David Einhorn started shorting the stock and implied that company would be out business soon the stock was down to 18 dollar but rosed to over 100 then drop to I think 40 or 45 something like and European private firm is now offering 92 dollars a share.
No comments:
Post a Comment