Ackman trashes Herbalife again, Keurig serving Dr. Pepper & T-Mobile's 8.3M magic number
Get ready to drink Dr. Pepper (DPS) out of Keurig Green Mountain's (GMCR) forthcoming cold beverage machine. Investors are pretty thirsty for the stock, its up about 5% on the news that the two have inked a partnership. This follows a similar deal Keurig struck with Coca-Cola (KO) last year. It's already cornered the single serve coffee market, with soda next on the menu investors have no problem buying a stock that has gained over 60% in past 12-months.
Get the Latest Market Data and News with the Yahoo Finance App
Herbalife (HLF) shares are lower but bouncing back a bit after hedge fund manager Bill Ackman compared the company to Bernie Madoff earlier today on CNBC. Ackman who has reportedly spent millions campaigning against Herbalife said "you have top-flight distributors, senior employees from around the world contacting us, contacting the government, sharing information". Would that we all could have access to such material non-public information while taking positions.
Finally, T-Mobile US (TMUS) is toughening it out in the cut throat wireless world. The stock is higher by nearly 2% after reporting it added 8.3 million new net customers in the fourth quarter, the most ever. CEO John Legere, who is no stranger to publicity, may see his telecom company beat out Sprint (S), which is also struggling to survive. Now if T-Mobile could just turn a profit. In the third quarter the company posted a net income loss of $94 million or $0.12 cents a share.
More From Yahoo Finance:
January will produce tidal wave of market moving news