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: TimF who wrote (828)	8/30/2001 10:36:47 AM
From: GVTucker	of 1001

twfowler, RE: Its doing very well right now, its growing without packing on debt, from all I can tell it is a solid company, but its stock is selling at dot com bubble prices. One thing to note here is that while there isn't debt on the balance sheet, KKD is using off balance sheet financing to construct the new plant in Effingham, IL. While the total cost of the plant, $30mm, isn't significant in proportion to KKD's market cap, it is significant when compared to net income. And given that it is off balance sheet, that can make leverage calculations in error. Not a big deal now, but it could be if there are more off balance sheet financings in the future.

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