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Owner of Peet's to buy Keurig for almost $14B

60 点作者 mdesq超过 9 年前

12 条评论

atourgates超过 9 年前
I hope this encourages them to kill off the horribly conceived Keurig Kold project, or at least wait until it&#x27;s ready for prime-time before releasing it.<p>Some highlights:<p>* A single-serve soda maker.<p>* The machine costs $369<p>* Each 6oz flavor pod costs between $1 and $1.50<p>* It takes 90-seconds to make a single 6oz drink<p>* It takes 2-hours to come on and cool down enough to be ready to make a drink.<p>Even without the cost of the machine itself, you&#x27;re paying about $0.20&#x2F;oz of soda (which people say tastes slightly worse than the canned variety), compared to $0.12&#x2F;oz just buying it by the can. Add the nearly $400 purchase price, the fact that it&#x27;d take 6-minutes to &quot;brew&quot; 4-cups for, say, a family, and the gigantic machine on your kitchen counter, and it&#x27;s hard to imagine why anyone would buy this thing.<p>Keurig&#x27;s coffee machines make sense. But at some point during the $200M 6-year development cycle for the Kold, someone should have stepped back and said, &quot;Wait, this is a horrible idea and we should stop.&quot;<p>EDIT: I should add that Coke has invested a total of $2.4 Billion in Keurig (specifically to support the Kold) thus far. They should be doing a dance in the street, since an acquisition is the only way I can imagine them getting that money back.
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arturadib超过 9 年前
Few know that Green Mountain Coffee (now Keurig Green Mountain) was started is still headquartered in Vermont. (GMC slowly acquired Keurig in the 90s, based in Massachusetts).<p>I have been living in VT for the last several years, and I&#x27;m pleasantly surprised by the sheer scale of unicorns this state has produced over the last 10 years: IDX (sold to GE Health for $1B+), Dealer.com (sold to Dealertrack for $1B+), and Keurig ($10B+).<p>Let this be an inspiration for entrepreneurs outside of Silicon Valley and other innovation hubs!
shostack超过 9 年前
Looks like the investors are trying to cover all the bases on their coffee portfolio...<p>From the article:<p>&gt; &quot;Peet’s recently acquired “super-premium” coffee companies Stumptown Coffee Roasters and Intelligentsia Coffee.&quot;<p>&gt; &quot;Keurig said the acquisition was done in partnership with “strategic minority investors” that are already shareholders in Netherlands-based global coffee and tea company Jacobs Douwe Egberts B.V., including Mondelez International and entities affiliated with investment firm BDT Capital Partners. Jacobs Douwe Egberts owns Maxwell House and Keurig rival Tassimo, among other coffee and tea brands.&quot;
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chollida1超过 9 年前
A few interesting things about this deal.<p>Keurig is getting a 78% premium over their Friday share price. That&#x27;s a huge premium. C<p>The company had a lot of short interest( about 8% which puts it above 89% of the companies on the S&amp;P), so today alot of funds(Einorn is particularly upset) are receiving huge margin calls.<p>When you claim to not like a stock and someone else asks why don&#x27;t you short the stock if you don&#x27;t like it, this is what you point to. Just because you don&#x27;t like a stock doesn&#x27;t mean someone else with deep pockets won&#x27;t love it.<p>The CEO of Keurig just sold a bunch of shares last week to pay the taxes on his options. Not being able to wait a week cost him close to $1,000,000.<p>see: <a href="http:&#x2F;&#x2F;kiddynamitesworld.com&#x2F;green-mountain-coffee-the-most-non-insider-trade-in-history&#x2F;" rel="nofollow">http:&#x2F;&#x2F;kiddynamitesworld.com&#x2F;green-mountain-coffee-the-most-...</a>
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EvanKelly超过 9 年前
K-Cups are a really interesting product to me as someone who loves coffee.<p>We have almost every different way of making coffee at our office (normal machine, chemex, french press, aeropress, big machine that grinds beans fresh and makes cup in ~40 sec) and people still use the K-cup machine.<p>I know that most of those methods are a bit more time intensive and daunting, but we have a big machine that makes a cup from fresh beans with one button push. I&#x27;ve talked to my co-workers and a lot of them simply like the K-cup coffee better. To me, it&#x27;s almost objectively worse coffee, but people still love it.<p>I&#x27;m not sure whether it&#x27;s branding or just what they&#x27;re used to, but if you give people the option of coffee from a pot or from a k-cup, it seems they&#x27;ll almost invariably choose the k-cup.
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coldcode超过 9 年前
Building terrible DRM technology does seem to pay off in some cases.
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pasbesoin超过 9 年前
Peet&#x27;s bought up a bunch of Caribou locations in our area. My father has been holding his breath, waiting to perhaps finally be able to get a decent espresso (or coffee).<p>Instead, the location sat empty for more than a year. Now, the wraps just came off -- and it&#x27;s a Dunkin Donuts.<p>So... Not too fond of Peet&#x27;s, now. And acquiring Keurig doesn&#x27;t help.<p>It&#x27;s looking like Peet&#x27;s is primarily a money game, now. Fortunately, a good local independent has finally opened -- near to me, but something of a drive for Dad.
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JustSomeNobody超过 9 年前
I hope Peet&#x27;s doesn&#x27;t get so big now that their coffee suffers. That would be a horrible shame.
smlacy超过 9 年前
Yuck. Keurig is a horrible company and this will stain Peet&#x27;s reputation. Too bad.
silentplummet超过 9 年前
A stain on the history of human civilization. A few men will become rich beyond imagination by a skillful appeal to base laziness and apathy. It&#x27;s the renaissance of the disposable generation. Just toss the cup away. Toss the whole maker away when it breaks, too.<p>Make no attempt to contemplate where all of this trash ends up.<p>What&#x27;s wrong with taking a few minutes to make the coffee and clean up after yourself? Did you know coffee grinds make a great nutritious supplement to household plants and gardens?
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jMyles超过 9 年前
The next time somebody tells you there&#x27;s no startup capitalization bubble, point them to this frothy cup of craziness.<p>edit: Hmm - downvotes. So I guess people genuinely think that this (pretty shitty) company is worth $14b?<p>For reference, Mariott International, which just opened its 4,000th hotel, has a market cap of around $18b. In January of this year, freaking Nintendo had a market cap of only $12b (though, for reasons that are debated, it is now nearly double that).<p>There&#x27;s no way on earth that this company is in the same realm as Mariott or Nintendo. Come on now.
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schwarzrules超过 9 年前
I hope this isn&#x27;t an acquihire. Would be a shame if they shut down the k-cup business.
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