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Krispy Kreme Doughnuts, Inc. Message Board

  • mr_sixfigures mr_sixfigures Mar 20, 2006 8:07 AM Flag

    There will be no Chapter 11

    I've said this for over a year now. Creditors do not want 10, 15, or even 50 cents back on the dollar. They want their entire investment back, with interest! Therefore, KKD's creditors are likely to loan KKD even MORE money before calling in their loans.

    The lender's execs have a lot to lose if KKD falters, not just money, but their JOBS as well. Look for everyone involved to give KKD as much time as necessary to make a complete turnaround.

    So you may as well deep six all the BK talk. It ain't gonna happen.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hey shishkebab, are you arguing that this company is a buy because its books are better than Enron?

      The point is - companies go bankrupt when they're losing money and they run out of cash. It's not what management wants to have happen, generally, but management can't always stop it.Tell us why KKD is different from the companies that buzzard mentioned.

      Because KKD HASN'T (present tense) gone BK which was the main point of buzzard's statement regarding the other companies (past tense). Does that mean KKD won't? No. In the meantime, I'm betting they manage the turn around and do what Corning did when they were 1.99. Only comparing two companies most people had written off and seeing some similarities between turnaround bets.

    • its, not it's (it is)

      ugh.

    • Here's what I originally said...
      ---------

      You think KKD's creditors are any different than Dana's, OWENQ's, Kmarts, UAL's, NWAC's or any of the hundred or so other public companies that have filed bankruptcy over the last few years?
      ---------

      So far all of the candidates fall outside of the "few years" parameter.

    • WorldCom

      and I'll give you another that survived it's bad books

      HealthSouth

    • originally pers, I did say within the last 2 years.

      But you are right, 1 in 200

    • Hey shishkebab, are you arguing that this company is a buy because its books are better than Enron?

      The point is - companies go bankrupt when they're losing money and they run out of cash. It's not what management wants to have happen, generally, but management can't always stop it.Tell us why KKD is different from the companies that buzzard mentioned.

    • Persp,

      I'm assuming that's the best buzzard could do? I tried to tell him I had him on ignore, I guess he doesn't get that either.

      Let's add Global Crossing. Any one else want to pile on to Buzzard's issue?

    • >> Maybe you could name one public company that has gone bk that had worse books than KKD does? Just one?

      Enron.

    • Even generalizing on 100 companies, one in 20 or less had accounting issues, and I would venture an educated guess than no had the problems and criminal accounting problems that KKD did. KKD's accounting was a scam from the very beginning, as evident that they have absolutely no credible filings since they went public.

      Maybe you could name one public company that has gone bk that had worse books than KKD does? Just one?

    • There are 5 companies (specific) that I mentioned, do you speak english regularly? Are you alwasy this stupid? I said there have been 100's of other companies that have gone bk, but did I specifically "mention" them?

      Geez

      If you're going to put them together in reference to the same issue, live with the consequences, jerk. On ignore bonehead.

    • View More Messages
 
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