WHITNEY TILSON Think Green Mountain Was Stealing From The Future# Stock
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After Green Mountain Coffee slashed its yearly sales estimates on lower
demand from the first quarter of 2012, hedge funder Whitney Tilson appeared
for a guest segment on CNBC smiling as he said "vindication is sweet."
Tilson revealed that his fund, T2 Partners, had been short Green Mountain
Coffee since it was trading in the $80s per share. The stock is now trading
at around $28.40 per share, after falling over 40% in after-market trading.
Tilson gave two reasons why he has been short Green Mountain for the last
couple of years—first, the coffee seller faces rising competition; second,
Tilson suspects the company is engaging in some questionable accounting
methods, though he can't prove it.
Read more: http://www.businessinsider.com/whitney-tilson-green-mountain-2012-5#ixzz1tlnWfSs6
demand from the first quarter of 2012, hedge funder Whitney Tilson appeared
for a guest segment on CNBC smiling as he said "vindication is sweet."
Tilson revealed that his fund, T2 Partners, had been short Green Mountain
Coffee since it was trading in the $80s per share. The stock is now trading
at around $28.40 per share, after falling over 40% in after-market trading.
Tilson gave two reasons why he has been short Green Mountain for the last
couple of years—first, the coffee seller faces rising competition; second,
Tilson suspects the company is engaging in some questionable accounting
methods, though he can't prove it.
Read more: http://www.businessinsider.com/whitney-tilson-green-mountain-2012-5#ixzz1tlnWfSs6