Re: I\'m shorting Krispy Kreme today
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DC,
It seems to me that alot of the people holding KKD are going to completely disregard this report because its from way back in 2004, and they now have a new CEO and are going to use international expansion to save the day?
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That's fairly likely with individual investors. I'm hoping that analysts and institutional investors will be more savvy, and maybe they'll lead a selling parade that individuals would then follow. But it's a 303 page document and requires a great deal of effort to digest, so it may take some time. I only got to page 20 last night and I have a full page of notes already.
I'm still hopeful this means delisting (should find out Tuesday), which might help as well. But the only sure way for me to profit on this 'bet" is for a bankruptcy filing, or events that show we are on the precipice of a filing.
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