I agree. And this up day should push KKD nicely. If this could hit $7.50 today, I would be ecstatic. Maybe that's a bit too optimistic, but we'll see... If we see a few shorts start to cover, then I think this could be in a for a small squeeze.
I don't know if you read the Motley fool article, but basically they are saying what most are saying, hat KKD investros sold of in expecting too much. The company did what they were expected to do, but that's the problem today, it's never enough. This is a good time to get in.
<Krispy Kreme's stock gave investors a bellyache when earnings results were apparently not nearly sweet enough for them. The results of the doughnut maker's fourth quarter appeared positive -- revenue rose 11% from the previous year, while adjusted earnings per share of $0.06 matched analysts' estimates. Even better, the company forecasted full-year results above Wall Street's expectations. Investors were obviously hungry for even more, though, as they knocked shares down 12% for the week>