Wonder if he will walk across the set to Cramer's show as he did last time, especially since Cramer said he wanted him to come on and discuss the story before recommending it on his dippy show. LOL
This story is playing right up our alley after the bs drop late last month. Check out our record on GMCR, SBUX, HLF, AAPL (reload at $389), Mako (short from $37 to cover at $12 then long to 15.80), long BAC from $6 last year, long GS (from 89 to out early at 140), PCLN at $595 to 950 then again from 905 to 1100), expe since $48, long DAL and ALK all year before jumping back on LCC and UAL two months ago), etc...
In fact, we have been right on essentially every idea we share on yahoo. Have fun with our reply if you find one you think we were wrong on. LOL
Again, see you pushing mid $20s on KKD within 6 weeks or so (the day after the Dec Q cc).
Last Q the stock took 35 days to go from 18 to $25, this Q, with more stores, improving revenue, and margins, terrific numbers internationally (just getting going in the middle East, India and Taiwan) and also just underway with the coffee initiatives), we are now 20 days past the bs drop caused by dip S momo chasers and moronic shorts the likes of which post here every day.
The stock is about to roar back above $25 over the next 6 weeks -- be ready to participate or wish you did. LOL
Bought at 29 many years ago. Wasn't watching and it dropped down to just about nothing. I wonder if I will ever recover. At least it made a comeback.
I agree this is a no brainer! People are getting uptight over Morgan being extremely conservative with 2014 earnings forecast.
I bet Warren Buffet bought KKD after the sell off. American junk food is pure GOLD overseas. Watch this thing flourish.
I'll agree with Cramer on this, except I like the stock .Morgan gets on and says he is predicting 2014 earnings slightly below what analysts forecast t. But they are opening what 71 new stores. Some in India and asia who knows what they will buy there. How does. he know? what the earnings will be. Its as looney tunes as a Christian calling the date of the rapture. The stock beat the street and per store growth was up. Then Morgan has his CC and the stock tanked over his remarks. It will slowly climb back the bottom is probably in. The company is fine. Morgan;s perception isn't.
If Cramer does not like this stock I may just buy even more! Cramer is known for the buy at the top and sell at the bottom advice.
The stock is undervalued and it is a strong Buy. Today in Light Round Cramer stated that he does not like the stock, and wants management of KKD to explain earnings or something like that. In my humble opinion, Cramer has no reason to dislike the stock so he tried to support his disliking by blaming management for a lack of explanation. You know Cramer can explain any stock regardless of what management thinks.
It held the weekly support of 17.77. Once it gets over 18.85 the algos will kick in and push this above 20. This was nothing more than a healthy pull back and retest of that 18 level. This is still a screaming buy.
Sentiment: Strong Buy