No position yet, but looking to get in soon to short this turd like I did few months ago for some quick $$. This has recently turned into a momentum play. There's no sound ground for KKD to be trading where it is...its actually quite amusing. Great job to those that got in for the ride up. But remember, dont get greedy. TAke some nice profits off teh table pretty soon if you still want to let a little ride, but IMO, this puppy will soon drift back to the 4 range...not today...not tomorrow,,,but over the next few months.
It's fairly priced right now and right where I had predicted it would be back last Spring.
This stock will trade in the $8 to $10 band for most of next year with possible spikes and dips above/below for short periods of time. Mostly in that band though.
In CY2012, it'll be consistently in the $ teens.
From then on out it will plug and chug based on performance. They'll have to keep paying down debt over the next year or two to get it really low. Debt next year in the $20sM is fine. But they must work that down to single digit $millions then near or at zero $. Thats when the "main stream" investor will climb abroad and ride this thing like a bronco. THEY MUST MUST MUST MUST establish credibility / trust with main street investors before this thing can really zoom again.
I bought in at about $3. I'm sitting pretty right now.
Barring a complete market meltdown, this thing will not see even $6 any time soon.
The next announcement (Q4 and FY11) will put this stock near $10.