I agree, there's plenty of time to build up a decent position in KKD. Turnarounds always take a while, and then it takes a while longer for people to notice it. KKD had gotten such a bad reputation from the Scott Livengood days that people will be slow in coming back to the stock.
I hope KKD doesn't get bought out. Much better for shareholders if the company does well and stays independent.
Depends on how much you are looking to invest. Their last FY quarter closes in a couple weeks. I would get in before then. They'll likely have their conf call / release the numbers the first week in March. If it's gonna pop a bit, it'll be from the quarterly numbers. There isnt much difference at buying it at 2.50 vs 2.80 if you're gonna hold it as a turnaround long term play.
Or you can wait until after the numbers to see if you see successive quarters of improvement first. Personally, I have a significant investment in the company. But I did it as a long term investment knowing that the turnaround is gonna take a long time. That debt load (approx $50million announced last Dec) is going to take a while to payoff.