“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.”
(Visited 40 times, 1 visits today)
Related posts:
Suicide of Deloitte partner Daniel Pirron linked to Standard Chartered's Iran scandal
Senator on journalists who publish leaks: ‘Historically, spies have been shot’
Dolce and Gabbana jailed over tax evasion
China's replica of Manhattan sits empty as the debt time bomb ticks
Amish sect found guilty of hate crimes in beard cutting
Turkey cashes in on the Iran talks
Study: Wind blew deadly gas to U.S. troops in Gulf War
Investment firm VanEck calls bitcoin a 'fad,' then files for bitcoin ETF
India may ease gold import curbs later this month
JFK passenger detained by TSA after talking about 'bomb' sandwich
Crisis in Egypt: ‘We didn’t have space in the fridges for all the bodies’
The government's creepy obsession with your face
Restaurant Shift: Sorry, Just Part-Time
Psychologists say not joining Facebook is 'suspicious'
North Korean farmers to be given unprecedented ownership of crops