Krispy Kreme Doughnuts, Inc. Message Board
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KKD, cash at year end $44.3 million
They are printing SO much cash, that they moved from a net debt position last year to NET CASH position this year. Don't listen to that duffs lier skiDUFFAS
They now have MORE cash on the BALANCE SHEET than debt!!!!!!!!!!
It's all there in the quarterly, you can read, he can too, he just lies.
Link
http://investor.krispykreme.com/phoenix.zhtml?c=120929&p=irol-newsArticle&ID=1674645&highlight=-
Just strengthened my position by buying more at $7.79. With that much cash, a PEG ratio under 1.0, a year over year EPS growth of 133%, and a long term growth rate of 26.5% (which is 3rd in their industry), I can't see why this stock would not be seen as a great bargain. I'm guessing the big dogs saw the writting on the wall after the earnings report and figured it was the real deal. They shorted in the morning to get a good price and now we can look to the upside. I'll buy more tomorrow if they continue to push downward, but I'm liking the upside potential.
- 1 Reply to keetsbeags
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In a span of about 4 years this thing has gone from a whipping boy, to a turnaround story, to a growth company, to now.... a value play??? Shall see. I agree with the Motley Fool articles... this stock is going to need patient investing.
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Forget all the analysts and estimates, it come down to MAKING CASH. In the end the business is substantially adding to its cash position. They will tweak the machinery from here, find the growth engine and we will be the stock to own. We also have an IMPROVING economy, commodities have to watched, but I still think the economy will be a tail wind for KKD. Somebody big is playing games today, or just plain STUPID, but KKD will reward longs.
- 1 Reply to Networthdev
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This gets much cheaper and Bob Stiller (GMCR) will just take out his American Express card and but the rest of the stock he doesn't own. :-)
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