November 4, 2004
SpeculatingStocks.com Stock Pick: Krispy Kreme Doughnuts, Inc. (KKD)
Stock Price: $10.70 (long-term strong buy)
Krispy Kreme Doughnuts, Inc. is a specialty retailer that owns and franchises its doughnut stores across the United States. Their doughnuts can be found at convenience stores, Krispy Kreme shops, even hotels.
KKD was one of the hottest stocks over the last few years. KKD has been fizzling out since August of last year due to the Atkins diet.
We believe people will once again begin to consume Krispy Kreme doughnuts. It will not take much to improve the current situation. KKD has become even more undervalued lately and appears to be finally bottoming.
SpeculatingStocks.com Target Price: We expect KKD to climb above $20 within the next 6 months.