KKD has a declining chart pattern. The upper end indicates the stock can go to 36. This would be the point the stock is more likely to be shorted for those taking short position. Although IMO the stock is worth only 18 I dont expect it get there anytime soon. The present price discounts the growth for at least the next time 3 to 4 years. KKD does not have a monoply on making donuts. Our local supermarket has an instore bakery that sells freshly made donuts at half the price of KKD. Please note that most supermarkets can make donuts that are comparable to KKD with no special effort. There is no problem in getting the same ingredients that KKD uses and the same machines to make them. It does not take long for competitors to enter the marketplace once they see the profit potential. Eventually the premium KKD is getting on their donuts will disappear narrowing their profit margin.
Sorry to hear about your RRI - on the drop from 6 to .99 over the past 8 weeks how much did you lose?? Are you averaging down or doubling down or what?? Why has it dropped from 35 to .99 - could they have a problem or something??
Well, no one knows for sure. But i'm sticking with my fundamental position on this donut retailer that trades at a level which assumes everything they plan (oversea expansion, etc.) will work out just fine. So, will stick with my current short. Tried to short more today at 35, but couldn't quite get there. Good luck.
thank you for the kind words sir - you are a gentleman and a scholar. Sure glad that son of a bitch was a Muslim and not some right wing irishman from Texas. Have you noticed how the left wing media keeps saying he's a gulf war vet and army guy versus pointing out his conversion to Islam and his love of Al Quaeda!!!
Although I am almost always out of sync with Mike, I do not recommend putting him on ignore. He comes up with some good research if you can just learn to ignore his published interpretation and his KKD cheerleader bluster. He and rosie have helped me learn to make very good profits trading puts on the donut and I'm appreciative. Just keep him honest (like calling him on his 50% per quarter growth crap awhile back) warn the newbies about Mike Murphy leading them over a cliff.