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.
