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Krispy Kreme Doughnuts, Inc. Message Board

  • cleblanc33181 cleblanc33181 Dec 2, 2013 5:32 PM Flag

    Market is overreacting

    but for now, I'm glad I took some profits at 26.45. Now I can buy back in lower, looks like it's heading below 20.

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    • last time it was indeed an overreaction but this time the stock should experience even more selling pressure tomorrow as some analysts most likely will recommend to step to the sidelines here. Domestic same store sales came in weaker than estimates and will decelerate further going into Q4 and FY2014. Accordingly the initial 2014 earnings guidance also came in weaker than expected.

      They also announced problems with one of the seven new small shop outfits so this time investors got plenty of things to worry on the call.

      Given the lofty valuation and the muted outlook I would be surprised to not see at least one or two analyst downgrades tomorrow. Would fully expect the shares to test the $20 mark tomorrow.

 
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