Re: The details of my Big Bet against Krispy Kreme
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I am curious, did the anticipation of the slow summer months in the markets play any part in your timing, or was it all based on your read of the fundamentals?
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All fundamentals. I ignore timing. Though KKD apparently has slower sales in summer, so any increased cash burn this summer could be what provokes a liquidity crisis. But if it happens it's purely luck of timing for me.
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