Rather than bore you with yet another (recycled) Green Mountain Coffee Roasters short thesis of David Einhorn’s original GAAP-uccino, the attached presentation, “GAAP-ucino Version 1.5?, details two fresh, underappreciated reasons why GMCR is a strong sell, with an initial price target of $15.00/ share (currently trading for around $69.00/share).
Below you will find my latest report on Green Mountain Coffee Roasters, titled “GAAP-uccino 1.5 Part IIa”.
I currently hold no position in the underlying security, or derivatives of it (I’m in 100% cash); having said that, I reiterate my price target set on my first report, and believe there are a couple dozen catalysts of indeterminate time duration (other than patent expiration) that will punish the stock in the near future. Therefore, I am releasing my work on GMCR, as a public service.
Please feel free to share and distribute. I plan on releasing Parts IIb and Part III within the next 2 quarters. Hope all is well.
Worm Capital July 2020 Performance Update: Up 152% YTD
Worm Capital performance update for the month ended July 31, 2020. Q2 2020 hedge fund letters, conferences and more Long/Short Equity Growth Strategy Net Performance Long-Only Equity Growth Strategy Net Performance