Question
2. Green Mountain announced operating results for the second quarter 2011 on May 3, 2011. (You can access the earnings release through EDGAR at: https://www.sec.gov/Archives/edgar/data/909954/000119312511123952/
2. Green Mountain announced operating results for the second quarter 2011 on May 3, 2011. (You can access the
earnings release through EDGAR at: https://www.sec.gov/Archives/edgar/data/909954/000119312511123952/
dex991.htm.) The Company subsequently issued a second press release on May 3, and then additional press releases
on May 6 and May 11, 2011, all of which are available in EDGAR.
a. How did the market price of Green Mountain's common stock respond to the earnings release?
b. What important company event(s) were discussed in these press releases?
c. In your opinion, did the event(s) noted in (b) provide any financial reporting incentives to Green Mountain
management with respect to the Q2 earnings announcement? Explain.
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