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 4:00 PM EDT

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To: Jon Koplik who wrote (995)	10/4/2013 12:06:22 PM
From: Michael Wong	of 1001

I think that the present price, about 22, up about 1.4 today is definitely in the overvalue range. I sold mine in the 18 to 19 range and have no complaints, though I wish I bought more I have noticed in the past 9 to 10 months is that on big up days and sometimes on down days, the bid ask spread can be 2 to 4 cents and usually on the up days.it is as though something or someone is holding the price up. A similar thing happen but in the opposite direction during the down phase in 2011 thru around November 2012 where the down direction, and the price is driven down. You have bunches of days in the sub million to million days, the all of a sudden a pop to 2+ to way more on no news. On all of these heavy days, outside of earnings announcement days, the bid ask spread widens. It just feels to me that someone is holding up the price and is strategically popping the price up at critical times. I could be all wet in this, but I could not work out the logic of the last 2 years move when the stock in literally trashed and then walked up. Any idea or comments ? PE is about 70 with the forward PE in the mid 30's. Is a donut company worth that much when AAPL is at 12 ?

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