Vermont Archives

IFRS

Here’s a Video Game That Features an IRS Agent Fighting Alligators and Zombies While on the Hunt for a Missing Tax Form That We Thought You Should Know About

Caleb Newquist
August 22, 2012

For you overgrown adolescent boys out there looking for your next gamer challenge and Madden […]

Fraud

Vermont Is a Hotbed of Embezzling Embezzlers

Caleb Newquist
January 18, 2012

Ahh, Vermont. Foliage, second-rated skiing, and, of course, hippies. But apparently, the Green Mountain should […]

News

Analysts Aren’t Concerned About SEC Probe of Vermont Hippies’ Revenue Recognition Policies

Caleb Newquist
September 29, 2010

Somewhat related: It’s National Coffee Day. Does the SEC have no sense of timing?

Shares of Green Mountain Coffee Roasters Inc (GMCR.O) fell as much as 18 percent on Wednesday, a day after it said U.S. regulators made an inquiry into some of its revenue recognition practices and its relationship with a vendor, which analysts said was M.Block & Sons.

However, most analysts believe Green Mountain’s accounting policies are sound.

“We are comfortable with Green Mountain’s revenue recognition policy, the fact that it does not have control over M. Block & Sons, unquestioned management integrity and strong auditors (PricewaterhouseCoopers),” Janney Montgomery Scott analyst Mitchell Pinheiro said.

At least this analyst knows the name of the auditors. We’re looking straight you, Dick Bové.

Green Mountain roasted on SEC probe; analysts unfazed [Reuters]