Yesterday an analyst at a major brokerage firm forecasted that the price objective for Green Mountain Coffee was $51. When the report was written the stock was trading in the high $40's.
Today Green Mountain is trading at $27 a share, down from the high $40's in one day. This analyst is still predicting a price objective above $50. If we want to clean up the research side of the investment business one way to do this is to tell this analyst to take his entire paycheck and buy Green Mountain stock in the $20's.
Who wouldn't do that if you could double your money? It's a strange world.
Today Green Mountain is trading at $27 a share, down from the high $40's in one day. This analyst is still predicting a price objective above $50. If we want to clean up the research side of the investment business one way to do this is to tell this analyst to take his entire paycheck and buy Green Mountain stock in the $20's.
Who wouldn't do that if you could double your money? It's a strange world.
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