In this report: Green Mountain Coffee Roasters (NASDAQ:GMCR), Delta Airlines (NYSE:DAL) and Cheniere Energy Inc. (AMEX:LNG)
Green Mountain Coffee Roasters (NASDAQ:GMCR) is trading over 11.4 percent lower today after Stifel Nicolaus analysts stated that demand for its Keurig single-serve coffee machines was weakening. Mark Arstachan, the analyst behind the comments from Stifel Nicholaus, stated that shipments of Keurig brewers from China have decline 5 percent in October and 28 percent in November compared with last year. Mr. Arstachan then said that the company’s inventory has risen faster than sales and that it is more than double last years. He recommended selling the stock ahead of next year when the company will loss its patent on the single serve K-Cups which will allow competitors to enter the market. Green Mountain Coffee Roasters currently trades at $44.26 per share.
Delta Airlines (NYSE:DAL) is trading nearly a point higher today after the company said that it expects better than expected 2011 annual financials. The world’s largest airline said that it now expects to earn $800 million during 2011 and $1.1 billion on an adjusted basis. The company plans of cutting capacity by 2-3 percent next year but again expects to be profitable during 2012. The news lead stocks in the airline sector higher on Wednesday and pushed Delta Airlines to its currently price of $8.06 per share.
Cheniere Energy Inc. (AMEX:LNG) has dropped by more than 10 percent today after the company priced a 36.3 million share common stock offering at $8.35 per share. The company said that it plans to use the roughly $300 million net proceeds from the offering to repay debt and for other general purposes.
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