“The fortune of Keruig Green Mountain’s founder Robert Stiller fell off a cliff along with the company’s stock on Wednesday, on the back of sinking earnings and plummeting sales. Stiller saw the value of his shares in the beleaguered company drop a stunning $143.9 million in minutes as afterhours traders sold the stock en masse. Stiller, who hasn’t been a billionaire since May 15 when shares in Keurig Green Mountain fell below $100, saw the value of his stock drop 27% in afterhours trading, after investors were disappointed with the company’s earnings. Declining sales for their K-cup coffee pods and coffee machines, along with shrinking profits did the trick.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Myanmar's new stock market to open in Oct 2015: deputy minister
Oklahoma native revolutionizing medical marijuana
Homeland Security's Future Home: A Former Mental Hospital
Syrian rebels say they have received anti-tank and anti-aircraft missiles
Seattle $15/Hour Minimum Wage Being Pushed
U.S. won't stop Native Americans from growing, selling pot on their lands
Barbados PM: Central bank 'indulgence' a threat to economic stability
Feds expand hunt for offshore tax evaders
Apple pays Swiss rail $21million over clock dispute
Women in combat: Will they have to register for the draft?
People have bought or sold $100,000 in Bitcoins from a Vancouver ATM
UK Bitcoin dealers seek official regulation for digital tokens
Bank of England deputy governor Paul Tucker warned banks they could collapse 'before Christmas'
Yellen tells graduates: Show grit like Ben Bernanke
Smell of marijuana: Who needs a search warrant when police use their nose?