KHARAFI & SONS purchases more KKD yesterday and today
You and other shorts strike me as being "obsessed" with this stock. For how long have you been short and preaching that the stock is well overvalued?
Even if that is the case, perhaps this is one of those stocks that is destined to be perennially overvalued. Look a this thing, several negatives have happened and this thing is still well above $8 bucks. What does that tell you? It tells me not to mess with this stock on the short side. I am sure you can find easier targets, the catalysts for a quick demise of Krispy Kreme are no more.
These purchases by the Kuwaiti guy are very particular. Do you really think he is in here to lose money? If he wants, he can easily buy this company. Perhaps that is his game. Who knows what he can do with this brand if he injects capital. What will you guys do if one morning you read that the company was sold for $13-15 bucks a share?
Anyhow, my point is that this stock has given you shorts lots and lots of indications that it is not a good candidate for shorting, and you guys are still here. Sad.