Green Mountain Coffee Roasters (GMCR) investors won’t want to remember 2011, or at least the second half of the year. The stock is up 36% for the year, but down 50% in the past six months.
But 2012 should stack up a little better, Janney analyst Mitchell Pinheiro writes in the firm’s rundown of Best Ideas for the coming year.
“Persistent short attacks through the back-half of 2011 have weighed heavily on the stock, further exacerbated by a top-line miss in 4Q11. It appears the underlying fundamental story has largely been forgotten amidst the chaos, and as such current levels present a compelling entry point.”
Starbucks (SBUX), which has made other 2012 top picks lists we’ve seen, is also poised for outperformance in 2012, wrote Janney analyst Mark Kalinowski. Among Starbucks’ advantages:
- Iindustry sources tell Kalinowski that the company’s same store sales are trending above his 4% growth forecast for fiscal 2012.
- The launch of the new Starbucks Blonde should be a big success.
- The company may be able to lock in low coffee costs for 2013.
- It’s K-Cup partnership with GMCR is building momentum.
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