Krispy Kreme was popping out sales like no other this weekend for the Wango Tango concert at Dodger Stadium. There also listed 4 new shops that will be opening soon in the greater Los Angeles area. Great Buy!
News Flash! (Nasdaq: KREM) KREM PE still trading in 2 figures! KREM stock and doughnuts making dough for investors!
"KREM right now is a hotter issue than CSCO and while Barrons scolded CSCO for a PE of 100, Krispy Kreme (KREM) is only trading at a PE under 100".
"We should be expecting KREM to go beyond a PE of 100 while it is the hot stock of the year. The float is tight and this baby is going to crank up higher before profit taking sets in. "
There is no point in taking profits now as we will in all probability reach 70 by next week quite easily at some point. Every time KREM has pulled back a tad, it has just continued to rally to a higher high. It's been higher lows and higher highs and there has been no weakness showing so far. And if need be, well orchestrated buy ins can keep pumping KREM higher and higher and break the backs of any would be shorters.
I can hardly wait for more news to come out as we haven't had any for a while and a good news piece like announcing opening of more stores or plans to increase the numbers of stores could easily send this stock soaring. Maybe we can get a good plug from Bill or Hillary to get KREM flying this week. Perhaps a medical piece could come out and show that donuts are actually good for you, and that there is a reduced incidence in cancer or heart disease in those that ingest a modest amount of donuts compared to those that do not consume donuts. Like the alcohol piece years ago that surprised many.
It seems as if there is no end to the publics appetite for more stock and more doughnuts. I may buy one more time early this week while KREM is still trading with a 2 digit PE.
Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Krispy Kreme's operating results, performance or financial condition are its dependence on franchisees to execute its store expansion strategy, supply issues, competition and numerous other factors discussed in Krispy Kreme's S-1 Registration Statement, Commission File No. 333-92909, declared effective on April 4, 2000, that is on file with the Securities and Exchange Commission.
You are a few sandwiches short of a picnic. This stock is WAY overpriced. It is unheard of for a non-tech stock to have a P/E higher than 20. KREM may reach 70, but, watch out when it comes down. This stock IPO'd at $21. That is just about as high as it should be right now. Hype is a wonderful thing until the hype wears off.