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Thread: I go on a diet and see what happens -

  1. #1

    Default I go on a diet and see what happens -

    Although this isn't new news...

    Quote Originally Posted by AP News Service
    Krispy Kreme Shares Plummet on Worries

    By PAUL NOWELL
    AP Business Writer
    Published February 11, 2005, 8:02 AM CST

    CHARLOTTE, N.C. -- Shares of Krispy Kreme Doughnuts Inc. plummeted further Thursday as analysts expressed uncertainty about the company's near-term future.

    "My gut is that there is a sense that the b-word (bankruptcy) might be coming next," said analyst Charles Sibilski, who follows Krispy Kreme for Morningstar out of Chicago.

    Bill Brandt Jr., a turnaround specialist with Development Specialists Inc. in Chicago, said he has been expecting more dismal news out of the Krispy Kreme camp ever since KZC took over.

    "I've been saying all along this is leading to bankruptcy," he said. "They are trying to stretch this out as long as they can to build up a war chest before filing for bankruptcy. That's why they cut the jobs and got rid of the airplane."

    Krispy Kreme spokeswoman Amy Hughes did not return a message left at her office Thursday.

    Shares of Krispy Kreme fell $1.15, or nearly 16 percent, closing at $6.06 Thursday on the New York Stock Exchange. The shares traded near $50 less than two years ago.

  2. #2

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    Further proof (as if any were needed) that Dunkin Donuts is superior to KK. Mmmm... Dunkacino.

    S.

  3. #3
    Obnoxious at any speed altiain's Avatar
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    Damn - those shares have fallen 88% in the last two years. Glad I don't own any stock in Krispy Kreme.
    Iain

    "We don't stop playing because we grow old, we grow old because we stop playing." - George Bernard Shaw

  4. #4
    Driver general default's Avatar
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    I owned some KKD for 45 seconds back during the IPO time. Made $125 on that trade. Ever since the stock split it has been down hill for them.

  5. #5
    Shallow and Pedantic Majik's Avatar
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    I just cant imagine the labor cost to keep a donut store open all day. Doesnt matter what you are selling them for, just keeping somone on the clock all day would eat that up.

  6. #6

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    Damn! Now I'm hungry!

    ...and across the line.

    1996 Mazda Miata - R-Package (Eve-L)
    2012 Mazda CX-9 - Grand Touring (Dory)




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