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Krispy Kreme Doughnuts, Inc. Message Board

  • May1stman May1stman Jun 18, 2002 9:48 AM Flag

    Happy Anniversary

    One year ago today, June 18, 2001, KKD went over 40. It's low of the day was 39.70. While it had done spectacularly in the months until then, having more than tripled, it has done nothing since.

    Don't get me wrong. I am not now net short KKD and in fact have a small net long position vis-a-vis call options. My point is not that KKD is going to go down fast or soon, but that for a year now the market has recognized that the good news is priced in the stock. The stock got way ahead of the fundamentals. The fundamentals have continued to be good (whether that can continue longer is the ultimate question here) but the stock hasn't moved up because it's already priced in.

    Good luck to all.

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20.98+0.01(+0.05%)Jul 22 4:03 PMEDT