Green Mountain Coffee Roasters (NASDAQ:GMCR) Fundamentals As Good As They've Been

Janney Montgomery Scott said that after guidance in some areas of the company were lowered at Green Mountain Coffee Roasters (NASDAQ:GMCR) by management, it's sure to result in some pullback. But they assert investors should buy on the lows when they occur, as the underlying fundamentals are as good as they've ever been for the company.

"... management pulled back on some guidance metrics, undoubtedly driven by the current events, which will likely be interpreted negatively. We believe the weakness in the stock after hours provides an attractive entry point with a fundamental backdrop that has never been better...We are raising our FY11 EPS estimate to $1.24 (from $1.23); management lowered the bottom end of its FY11 EPS guidance by a nickel ($1.19 to $1.29). We are introducing our FY12 EPS estimate of $2.00," said Janney.

Janney Montgomery Scott reiterates a "Buy" rating on Green Mountain Coffee Roasters, which closed Friday at $33.81, down $3.61, or 9,65 percent. Janney has a price target of $50 on them.