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Krispy Kreme Doughnuts, Inc. Message Board

  • letitgrowknows letitgrowknows Feb 19, 2013 3:33 PM Flag

    KKD buyout within 60 days!

    imo...

    In Heavy under $13

    Sentiment: Strong Buy

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    • Speculation of a potential buyout offer for Krispy Kreme has surfaced in recent weeks, in part because management, led by top executive Jim Morgan, has done a remarkable job of bringing the company back from the corporate abyss to sustainable profitability. It is on pace for a third consecutive profitable year.

      Longbow Research, an asset-management firm, launched its coverage of Krispy Kreme stock in January by estimating the stock could reach a $15 target price – a level it hasn't seen in 8½ years.

      As a result, analysts are pondering whether an offer too good to turn down could come this year. Krispy Kreme has not responded to questions about the potential for receiving a takeover offer.

 
KKD
18.06+0.26(+1.46%)May 1 4:04 PMEDT