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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: TheStockFairy who wrote (127484)	10/4/2001 5:34:44 PM
From: Dr. Jeff	Read Replies (3) of 436258

What about "defensive" Donuts? Do you like Krispy Kreme's donuts? How about the joke of a stock? KKD is back up over $35 again. A $2 Billion donut company. LMAO! Now they are calling it a defensive stock: biz.yahoo.com Thursday October 4, 12:06 pm Eastern Time Krispy Kreme shares up on defensive appeal NEW YORK, Oct 4 (Reuters) - Retail baker Krispy Kreme Doughnuts Inc. (NYSE:KKD - news) on Thursday traded up almost 6 percent as investors snapped up its stock on signs its business may be immune to the current economic slowdown that is shackling consumers. ---------- ``Krispy Kreme business is very defensive in nature and when you go through a slowing period investors gravitate for companies that do better in a slowing economy and I think Krispy Kreme is in that position,'' he added. 7 times sales and 100+ PE. Yep, sure sounds defensive to me. <g>

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