only in a quantitative easing central bank crime environment can a marginal piece of junk like KKD have a PE of 60 with WW3 on the horizon.... just absurd.
Let me clarify. PEG Ratio not PE is the way to value stock. By this measure Krispy Kreme is cheap baby!!!
yeah in the new dystopia it is.
I agree and have a small short position; however, caution is called for. Some 10 years ago I was trading it on the short side ($30s--40s) in the face of manic enthusiasm from longs.