Krispy Kreme Doughnuts, Inc. (KKD) Message Board

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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD)

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Jon Khymn who wrote (811)	7/31/2001 4:45:27 PM
From: Jon Koplik	of 1001

A "look back" at the 1/30/01 KKD share offering (roughly 90% "selling shareholders," and 10% new capital for the company) -- Remember how all of the short sellers were "foaming at the mouth" about the fact that "selling shareholders" (sometimes known as "company insiders" (even though that may not be strictly correct)) ... were "cashing out" on 1/30/01 ? Guess what the share offering price was ? $67.00 a share, before two 2 for 1 splits. So ... $16.75 a share, adjusted for all splits since then. (Today's close was $28.20, down about 35% from the (recent) peak). Gee, they should have held on. (And -- made borrowing shares to sell short even more difficult (!)) Jon.

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