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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (7020)	7/2/2002 11:28:20 AM
From: quote 007	Read Replies (1) \| Respond to of 17639

fyi Krispy Kreme (KKD) was Upgraded by BB&T (#4) to a Strong Buy at $32.50 on July 1, 2002. Krispy Kreme Doughnuts, Inc., of Winston-Salem, North Carolina, makes premium doughnuts. KKD announced on Tuesday that it expects to meet its Q2 and 2003 guidance figures. Meanwhile, CIBC (#7) reiterated their KKD Strong Buy that they’ve had since $36.90 last month, when they initiated KKD coverage. CIBC still maintains a $50 12-month KKD price target. However, S&P analyst, Dennis Milton, thinks that KKD’s “high but declining growth rates over the next several years values the shares at $32-$34”. KKD began its career at $8 on April 5, 2000, and immediately dipped 9% to hit its all-time low of $7.25 on its first day. That’s when the dough started rising, as KKD cooked up a 546% gain to hit its all-time high of $46.90 on December 28, 2001. From there, KKD cooled a bit and got glazed, down 37% to hit its recent low of $29.49 on June 25, 2002, before rising once again. Now at $31.10, KKD is 5% above its recent low of $29.49 last week, and 329% above its all-time low of $7.25 in 2000. Of course, KKD is still 33% below its all-time high of $46.90 on December 28, 2001. According to Investars.com, RBC Dain Rauscher (#1) has been the most accurate investment bank covering KKD (85% gain since July 3, 2000), and therefore RBC Dain Rauscher is awarded the KKD Midas Investars Award. RBC Dain Rauscher made a great call by upgrading KKD to a $16.42 Very Strong Buy on February 9, 2001, and after a quick four-month gain of 161%, Dain downgraded KKD to a $43 Buy on June 19, 2001. Currently, RBC Dain Rauscher maintains a KKD Strong Buy at $31.10. Subscribe now to Investars.com (free trial available) to access the records and charts of all the analysts, and to see which investment bank initiated KKD coverage at a rare $19.43 Underperform on November 14, 2000. No Upgrade required from this bank, despite a 37% drop! Investars.com analyzes analysts’ track records so you can ride with the winners and avoid the losers. Who do you listen to? Ray Vance, Senior Writer, Investars.com, ray@investars.com Investars.com ranks more than 100 firms on more than 5000 stocks. Please click here to go to Investars.com We apologize if you received this email in error. If you want to unsubscribe from this newsletter please go to investars.com or reply to this message with "unsubscribe" in the subject.