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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD) -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (634)	1/6/2001 5:56:43 PM
From: Jon Koplik	Read Replies (2) \| Respond to of 1001

Mr. Burns, since I am not yet on your SI "ignore" list (I think), maybe you will read this. I thought it was pretty funny that you said the following : "First, of course comes the secondary where the insiders finally get to make their millions, off taking this thing public. Once they've cashed out ... but basically at that point they could give a rip." Ever hear of a (then) husband and wife team at Stanford University named Leonard Bosack and Sandra Lerner ? They were among the founders of Cisco Systems. I once read an article about how they eventually ended up with a decent sized piece of Cisco; and held on until Cisco was starting to become an amazing success. Then, they cashed out; and ended up with something like $100 million or $200 million (I cannot remember the exact amount). But the article went on to say that IF THEY HAD HELD ON to their CSCO shares, they would then have been worth $35 billion (Yes, billion with a "B"). (And -- I read this article several years ago. Even though CSCO is (right now) way off the all-time high share price, I would bet that it is still higher than the price when that article was written). All you have stumbled upon in your observation that some of the long-time holders of KREM want to cash out some or all of their holdings is something that anyone who has studied micro-economics learns in an introductory course : Increasing wealth has decreasing marginal utility. (Translation : going from $0 wealth to $10 million has a LOT more utility than going from $10 million to $20 million). OF COURSE these insiders are selling some shares. It is the correct economic decision for them, even if KREM is likely to go MUCH higher in price (like CSCO did). Jon.

To: who cares? who wrote (634)	1/6/2001 7:42:11 PM
From: Red Heeler	Respond to of 1001

Quit trying to be cutesy blah, blah, blah, don't you know shorts are always right, blah, blah, blah, I could buy you and sell you a gazillion times over, rah, rah, sis, boom, aaaaaaahhhhhhhh! I'm on ignore? Come now; you'll be posting to me soon enough with your I-told-you-so-you-stupid-long-I-made-20%-on-this-POS post. Meanwhile, I'll be cutting my cost-basis while I spin the propeller on my beanie and wait for my ten-bagger which will surely come. And don't bother responding to this because I have you on ignore too, pal! And that goes for Smithers too!<G> CC

To: who cares? who wrote (634)	1/7/2001 2:09:29 PM
From: Zakrosian	Respond to of 1001

I do know what KK donuts cost, they're about twice as much as the local places, that are as good or better Just an observation from the DC area...Not a whole lot of mom and pop's here, most donut sales (I would guess) are at the large grocery chains, who make their own. One of the largest, if not the biggest, just started offering fresh KK donuts instead of their own. My opinion, and those of my kids, is that they are the best of the lot and they are the least expensive in the market - $4 a dozen.