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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32852)	6/17/2001 3:13:01 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69161

Krispy Kreme Doughnuts (KKD-NYSE) by Standard & Poor's (70.10, June 5) Following a significant rise in the share price since Krispy Kreme's successful initial offering in April 2000, we believe the stock is valued at excessive levels relative to that of its specialty-retailer peer group and to our estimate of the company's intrinsic value. The shares recently traded at 90 times estimated EPS. Assuming high but decelerating growth for the next 10 years and 5% growth thereafter in perpetuity, we derive a present intrinsic value of $50-$60, well below the current market price, and we recommend that investors Sell their stock. Quiksilver (ZQK-NYSE) by Tucker Anthony Sutro (21.60, June 7) Quiksilver continues to post solid sales and earnings despite the relative weakness of some of the key retailers carrying its brands. We continue to believe the better names will perform well in a tough environment, and Quiksilver has been a good example. Its backlog trends remain strong, up 24% over last year, indicating excellent demand heading into the back-to-school selling season. We view it as one of the best-positioned youth brands due to its quality products and its commitment to core sports. Strong Buy