Peet’s and Diedrich Coffee Companies Merge
Maura Lockwood, Cabot Headline News
November 04, 2009
The coffee industry got a welcomed jolt when two leaders, Peet’s Coffee & Tea (PEET) and Diedrich Coffee (DDRX) announced their merger Tuesday, Investor’s Business Daily reported.
Peet’s agreed to acquire Diedrich in a cash and stock deal valued at $213 million, or $26 a share, a premium of 28% over Diedrich’s closing price on Monday, according to IBD.
With the acquisition, Peet’s moves into the fast-growing single cup coffee market. Dierdrich makes K-Cups for Green Mountain Coffee Roaster’s (GMCR) Keurig brand single cup brewers.
GMCR, a Cabot Market Letter stock, is the leader among several coffee-related stocks, according to IBD.
---
Do you know about the Cabot Market Letter?
Cabot Market Letter is one of the oldest and most-respected growth investing advisories, started in 1970 by Carlton Lutts, Cabot's founder.
Cabot Market Letter is recommended for all investors seeking growth stocks. The Letter is not just about performance; it's also about education. We believe the more educated our subscribers are, the more they will benefit from the stocks we recommend.
The Market Letter strives to educate investors by discussing the fine points of chart reading, investor perception and market timing while constantly reminding subscribers of the rules to follow to execute a successful investment strategy.
"If you are investing in Growth and not using Cabot,
you are making a mistake!” — D. Newman, Morgan Stanley
Michael Cintolo is now the editor of Cabot Market Letter, applying the same time-tested systems that have worked throughout the years. Mike discovered his love of the stock market when his father subscribed to Cabot Market Letter and he joined the Cabot editorial team a decade ago. Mike's development of the proprietary trend-following market timing system, Cabot Tides, helped Cabot Market Letter place among the top handful of investment newsletters numerous times.
For more information please read the
Ten Rules for Cabot Growth Stock Investing ...these rules form the foundation of the investment philosophy used in the Cabot Market Letter.
Subscribe to the Cabot Market Letter Today!
Here is what readers are saying...
"Cabot is outstanding! I am so pleased
that I signed up for your subscription! I have watched you over the
recent years and have found you right on top of the market even though
the market has been so tough. You help us stay out of trouble so to speak. Thank you! We think you are great!!!"—F. Johnson, Holland, Michigan U.S.A.
"I really can't tell you how nice it is to invest without any worry. I
spent years following one advice letter after another, including Motley
Fool and Jim Cramer among them, then tried Cabot. It sure is nice to
have reliable advice through down and up times."—D. Aston, Florence,
Alabama U.S.A.
"Hi
Michael: I want to thank you again for your incredible insight in your
letter. I sold out today (rising market). I'm sure I left some on the
table but the temptation to take the gain was incredible. I've made more money from your letter than I ever could by any other means. I thank you." — L. Mclure, Athens, Georgia, U.S.A.
“Cabot Market Letter broke with the top-performers' bullish consensus and caught a significant break a year ago … Longer term, Cabot has done even better.”—Peter Brimelow, MarketWatch 11/20/08
“High quality, timely advice with realistic expectations.” — S. McNeely, Nashville, Tennessee, U.S.A.
“Good results are the true test of
any newsletter. I have been trading exclusively using the Cabot Market
Letter for 3 ½ months and the results have been very good. I tried
picking stocks on my own in the past, but the results were not good. I
don’t have a background in investments, so having assistance and
guidance from Cabot has been the key to turning my investments around
to success. I’m glad I took advantage of the two-year subscription rate
when I initially subscribed.” — J. Burner, Staunton, Virginia, U.S.A.
“The best letter from top to bottom
I have ever received…There are some losses but the gains greatly out
number the losses.” — R. Mullis, CPA, PFS, Kingsland, Georgia, U.S.A.
“Good results is the true test of any newsletter…I
have been trading exclusively using Cabot for 3 1/2 months and results
have been very good. I tried picking stocks on my own in the past, but
results were not good. I don't have a background in investments, so
having assistance and guidance from Cabot has been the key to turning
my investments around to success.” — J. Burner, Staunton, Virginia,
U.S.A.
“I often recommend Cabot to
fellow investors. I just give them examples of winning stocks I've
found through your newsletters.” — R. Kieft, Anchorage, Alaska, U.S.A. --