Green Mountain Falls After Tilson Comments on SEC Probe
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Green Mountain Coffee Roasters Inc., maker of the single-serve Keurig brewing machine, fell to the lowest in seven months after hedge fund managing director Whitney Tilson told CNBC there may be potential for accounting fraud at the company.
Green Mountain slid 4.9 percent to $61.59 at the close in New York, the lowest since March 21. The shares have lost 33 percent since Oct. 14, the trading day before Greenlight Capital Inc. President David Einhorn said the company has a “litany of accounting questions” and needs to improve its transparency.