You think krispy kreme can grow?
Krispy Kreme has actually been a loser for me thus far. I bought in at 14.70 and its around 13.20 now. But I think that its been unfairly down in the past month or so. One big contributor to it was one measely Downgrade (with a reaffirmed target price
) and the CFO selling his shares in a large block throughout 3 days. It really drove the price down. Silly overreactions and that was during a day the markets were down too...drove the price down about 8% in one day (13% in three days) to 12.5 for no damn reason. No news or anything, just due to the oversupply cause by the insider transaction and the downgrade from Buy to Hold. I was gonna buy more shares at 12.53 but decided not to so I could buy Amaya Gaming shares.
Looking at KKD I could only look at financial statements because they have a VERY VERY limited presence in Toronto and Canada. I am a very fundamental investor, the type who will go to shops and check activity to see how it compares to past years, check news daily etc etc. Nonetheless the balance sheet is very healthy. KKD needs to improve its margins though and if they can they can easily be a $2B firm. Doughnuts are a lot more expensive to produce than Coffee and even other deserts like Muffins/Cookies. Thats why Dunkin has a higher value. People go to dunkin for the coffee and KKD for the doughnuts but KKD is really trying to strengthen its non-doughnut lineup (coffee is only about 10% of revenue right now...for dunkin its like 80% or some shyt I forgot). We'll see this earnings release on Thursday. I'll be very disappointed if I cant buy shares in time
.
But yea...
Evercore Partners
Live Nation Ent.
Amaya Gaming
These are not your typical SP500 or defense stocks. All my picks thus far have volumes below 2 Million and not much news to cover them These are diamonds I have found in the dirt and all have yielded 12-25% gain for me in the matter of 2.5 months.