“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.”
Related posts:
'Mini Lisa': Georgia Tech researchers create world's tiniest da Vinci reproduction
Afghan government says NATO-led military operation ‘aimless and unwise’
State Department: Bradley Manning had ‘chilling effect’ on foreign relations
Bag with bomb was at FBI building guard desk for weeks
China Tells Banks to Improve Disclosures in Shadow-Lending Fight
ICE abducts 146 workers in raid on Ohio meat facility
Papua New Guinea bans Facebook for a month, plans local replacement
He Struck It Rich in Ecuador. Now He’s Looking for the Lost Cities of Gold
India's third biggest gold fund reopens to investors
Snowden, in exchanges with Post reporter, made clear he knew risks
Oklahoma Student Expelled for Casting a Spell
North Korea Is Newest Frontier for a Daredevil Investor
New Zealand passes law allowing domestic surveillance
Sandy victims furious as FEMA troubles begin to build
How Private Prison Companies Make Millions Even When Crime Rates Fall