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Politics : High Tolerance Plasticity

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To: Sharp_End_Of_Drill who wrote (206)	2/24/2001 2:14:57 PM
From: Razorbak	Read Replies (1) of 23153

Krispy Kreme Doughnuts (NASDAQ:KREM) - Short Sharp: I've had KREM in my short scope for a few weeks now. Totally absurd valuation for a simple doughnut maker with limited growth opportunities... Price/Book (mrq*) = 7.81 Price/Earnings (ttm) = 79.22 Price/Sales (ttm) = 3.22 Earnings Growth for Next Year (Jan 02) = 24.8% ... but 16% of the float is already short, with a 10-day short coverage ratio (10X normal daily volume required to cover). AMZN, on the other hand, has 31% of the float short, but a short coverage ratio of only 3X normal daily volume. Summary: The fundamentals for KREM suck, but lots of short positions are already established, with significant potential for a squeeze in the S/T. If you decide to play, use tight stops. Just my two cents. Still haven't pulled the trigger, but watching closely. Razor

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