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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD)
KKD 21.000.0%Aug 4 5:00 PM EST

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To: dkgross who wrote (669)3/5/2001 6:44:21 PM
From: DaiTN  Read Replies (1) of 1001
 
DK, What bring you to this corner of the world? I hope you don't plan to go long on KREM.

I have been going to KREM shop almost everyday (5 blocks from my house). Sale is brisk, but had slow down a lot since it opened 7 months ago. I can pretty must walk up to the counter and order a box of donut glazed without a long wait, comparing to a few months ago when there were lines at least 15 feet long at all hours, even at midnight.

There is no doubt that KREM makes the best donut glazed, and I don't see them having problem meeting earning estimate of 26 cents on March 8, 2001; however, unlock date on April 04 will be the end of the joy ride for KREM as 70% of shares will be available for sale on open market. Valuation is high with a PE ratio of 80 and nearly 6M dollars per store.

I am not here to bash the stock, just want to give my opinion from a different angle, which I am sure most of the long are aware of. Good luck to all, whether you are long or short.

Cheers,

DaiTN
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