Most sane people will only wait in line for 45
minutes to an hour once. After they fiqure out its just a
fucking donut they'll be headed to Winchells or Duncan
Donuts and be at work instead of waiting in a line. The
stock has been getting some support at 40 but will
ultimately head down into the teens once the lock up ends.
Analysts gave 12 month price targets of 45 and 50 last
week. Tried to short this thing many times today,
however shares for shorting are becoming scarce.
Everybody knows this stock is a joke. Will be placing more
I bailed a hair below 56. I might get back in on
a dip. Good money for one weeks
Another Peter Lynch Stock might be WWFE. Have some and
buying more on the dips. A solid company with EARNINGS
and great ideas.
Extreme football and NBC might be
a winning combo.
It doesn't matter whether you or I like her. She
has 10's of millions of fans that heard her.
after reading about Lynch's coup on PEP BOY, I didn't
know what they did because they were not located in
the South East.
Yes KK is over valued but what
isn't. Trying to explain KK to folks outside of the SE
is like trying to explain Star Bucks to people out
of the NW several years ago.
I agree with much of what you said. It is
probably impossible to determine just HOW OVERVALUED KREM
could become. So what I'm doing is averaging up my
short. I started small at $47 and did another today at
the close. Only thing I know for sure is that this
POS will be much lower in the Fall. Again, I can't
predict whether it will be $12 or $5, but it doesn't
matter. It is probably the most compelling short I have
ever seen. I'll be happy with a 70% profit in 5-6
What is the difference if the PE is in the 80's
or the 100's; in my book once you are at either
level the stock is being priced by some other method.
Unfortuntely for me (being short) this stock is obviously
being priced and traded on momentum alone. I am truly
worried that we could see 70 or better before we see the
teens. I keep telling myself I will have the guts to
make the margin call when it comes and hang on until
October. Hopefully I will follow my investment decision
rather than my desire to cut my losses when the time
comes. I recently wimped out and covered a short on Red
Hat when it held up better than I expected right
after the lock up expired. I covered in the high 90's
at a slight profit; that stock closed at 20 today.
Earlier today, I got excited and increased my short
position in KREM at 47; I thought the dam had finally
burst; it did not but it will. I still think shorting
KREM is one of the best investment opportunities I
have seen in a while, I just wish I waited a little
longer to do it.
The current P/E is based on the S-1, which does
not include the IPO shares. Based on the issuance of
new stock, the true pro forma EPS is $0.48, for a P/E
of 108 at the current price of $51 3/4.
with a 20% increase in earnings (what I believe they
are giving to analysts), the P/E would drop to 90 if
they meet their projections. So that means KREM is
trading at 90 times forward earnings, high enough to even
choke a tech stock follower.
I stand by my
earlier forecast, KREM under $20 by October 15 (based on
the expiration of the lockup).