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To: stockman_scott who wrote (33232)	3/13/2001 11:05:29 AM
From: Venkie	Read Replies (3) \| Respond to of 65232

I would hv to say that smart money will be buying techs today as the scaredee cats sell. They will be looking towards 2002 and a fast snap back once IT starts buying products.Techs could>could> bring a good return from here if your willing to look 12-36 months down the road. I will be buying selective stks that I am willing to make an investment in...not gambling unless I am in denial which is possible. I really want avnx...Beas but will wait a bit longer and if I miss bottom...so be it

To: stockman_scott who wrote (33232)	3/13/2001 11:13:54 AM
From: edamo	Read Replies (1) \| Respond to of 65232

"krem pe over 80 is amazing" yes, high priced for donuts, but they have established and grown a continual profit stream..... what i find amazing is investment in stocks that have no pe.... krem actually has a healthier balance sheet then your oft touted insp....krem +$21mil op cash flow....insp -$18mil op cash flow.... guess they found out how to make money selling donuts, maybe the management of some techs can learn from this.... regardless of stock price or pe, the underlying fundamentals of the company are of utmost importance....companies can't pay their bills with future perceived profits.... and krem does make some tasty morsels!!!!

To: stockman_scott who wrote (33232)	3/13/2001 11:21:55 AM
From: Nick	Respond to of 65232

Indigestion Ahead for Krispy Kreme? By Cintra Scott March 8, 2001 Rolling in Dough COULD LIFE BE any sweeter for Krispy Kreme (KREM) investors? On Thursday morning, the beloved doughnut maker beat earnings expectations and raised future guidance. Those tasty treats came just half a day after the company said its young stock would join the venerable New York Stock Exchange. Can joining the Dow Jones Industrial Average be far behind? As tech valuations crumble, investors have learned to love the promise of fresh, hot doughnuts now. Since they began trading less than one year ago, Krispy Kreme shares have seen some volatility, but they're still trading 269% higher than their $21 initial-public-offering price. Contrast that to a hot technology IPO like that of, oh, Red Hat (RHAT), say, whose shares are 7% off their split-adjusted offering price. Now, as any true Krispy Kreme aficionado will tell you, the company’s doughnuts are unparalleled when they’re fresh from the oven — and quickly turn lifeless and leaden as they cool. Krispy Kreme shareholders have reason to worry that their hot, tasty stock could also congeal in pretty short order. On April 5, 7.4 million shares will be released from their IPO lockup agreements. To put that number in context, only 5.75 million KREM shares are currently trading. Lockup agreements are meant to protect a young stock in its early days of trading. Under typical contracts, IPO underwriters require pre-IPO shareholders (company insiders and such) to hold on to their newly public stock for six months — or in Krispy Kreme's case a full year. The restriction is meant to help a stock stabilize before heavy insider selling can take place. That means that Krispy Kreme insiders who might be hungry to cash in on a 223% gain simply haven't been able to. You can bet their calendars have April 5 marked. As you would imagine, the flood of shares unleashed by a lockup expiration often drives stock prices down sharply. In Krispy's case, the lockup expiration will increase the supply of shares available for trading by 128%. Bear in mind, of course, that just because insiders are allowed to sell a stock doesn't mean they will. Still, sometimes just the perception that selling could occur is enough to drag a stock down. For a taste of what could happen to Krispy Kreme come April, consider the events of just two months ago. On Jan. 5, the company announced a secondary offering, and the stock dropped 11% on the news — to $68.13 from $76.44 — in a single trading session. When the secondary offering priced on Jan. 30, shares fetched even less: $67 a pop. Krispy Kreme ended up selling 200,000 new shares at the same time franchisees and other insiders sold 2.1 million. That increased the number of publicly traded shares by 40%. But now the stock is hot once again. The reheating really started when a stock split was declared on Feb. 13 (effective March 19). And Thursday's happy earnings surprise certainly stood in sharp contrast to all the unhappy confessions being made by tech companies these days. The company said its fiscal fourth-quarter profits had more than tripled on a 39% increase in revenue. Per-share profits of 30 cents handily beat analysts' consensus expectations of 25 cents. For the coming year, it raised its earnings forecast to $1.38 a share, up from a forecast of $1.30 in November. Take that, Intel (INTC). Still, the lesson of January suggests that April could be cruel. As we mentioned, the looming April 5 lockup expiration releases 7.3 million shares — more than three times as many shares as the secondary offering. Then again, maybe the stock will split again, join the S&P 500 and prove that doughnuts really do grow to the sky.