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(Marketwatch)   Krispy Kreme's IPO price drops a few   (marketwatch.com) divider line
    More: Interesting, public company, The Return, Kirspy Kreme, doughnut chain plans, Initial public offering, Krispy Kreme, public markets, IPO  
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397 clicks; posted to Business » on 01 Jul 2021 at 11:00 AM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



16 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-07-01 10:52:50 AM  
Wallstreetbets don't like these stonks:

Fark user imageView Full Size
 
2021-07-01 11:30:10 AM  

Farking Clown Shoes: Wallstreetbets don't like these stonks:

[Fark user image 619x430]


I don't know wsb, but I am proud that my interpretation of "full DD" is "full Dunkin Donuts".
 
2021-07-01 11:55:02 AM  
JAB is also unloading Au Bon Pain, just tossing that out there. Come to your own conclusions. I am not a stonk surgeon.
 
2021-07-01 12:15:52 PM  
"DNUT"  Really? really? busted from the start.
if you KNOW what I mean
///say no more
///say no more.
///spent.
 
2021-07-01 12:31:26 PM  

MrHamster2u: "DNUT"  Really? really? busted from the start.


disappointing the pistachio grower from California, known affectionately to her family and friends as Dee, who really wanted that ticker when she took her company public
 
2021-07-01 12:43:25 PM  
I thought it was a bad sign when KK underwent a major expansion and opened a bunch of stores in my area (midwest) that always seemed really busy.

And then, for no good reason, they all closed.  Seemed like a management problem at the top, because I'm pretty sure the stores they had built here were profitable.

That has made me highly suspect of their management, and now, stock.
 
2021-07-01 1:01:10 PM  

akya: I thought it was a bad sign when KK underwent a major expansion and opened a bunch of stores in my area (midwest) that always seemed really busy.

And then, for no good reason, they all closed.  Seemed like a management problem at the top, because I'm pretty sure the stores they had built here were profitable.

That has made me highly suspect of their management, and now, stock.


how long ago was this? They had a major nationwide (over)expansion in the late 90s before they went public the first time (2000), then subsequently ended up having to close most of them. They were taken private again by JAB in 2016.
 
2021-07-01 1:06:00 PM  

akya: I thought it was a bad sign when KK underwent a major expansion and opened a bunch of stores in my area (midwest) that always seemed really busy.

And then, for no good reason, they all closed.  Seemed like a management problem at the top, because I'm pretty sure the stores they had built here were profitable.

That has made me highly suspect of their management, and now, stock.


Fark user imageView Full Size
 
2021-07-01 1:08:43 PM  
I remember when they first opened, we had a store close by, going in and standing in that long line, next to a glass window which allowed you to view the donuts as they come out, fresh, hot, just glazed and dumped onto a conveyor belt that the line snaked around to the point where you were handed one as a sample.  The fricken floor had an open grate, so to allow the collected drool to drain.  Positively Pavlovian.

Then they were everywhere.  I went to London, they were in farking Harrods.  Then they exploded.  Recently, when I got my covid vax, they were offering a freebie for it so I had one.  Not the same.  I imagine "management" cut costs on the product, instead of management salaries.

So now they're hoping to cash out.  Watch how many insider sales happen.  Interesting to see if WSB can dunk on this turd.
 
2021-07-01 1:16:10 PM  

The Bestest: akya: I thought it was a bad sign when KK underwent a major expansion and opened a bunch of stores in my area (midwest) that always seemed really busy.

And then, for no good reason, they all closed.  Seemed like a management problem at the top, because I'm pretty sure the stores they had built here were profitable.

That has made me highly suspect of their management, and now, stock.

how long ago was this? They had a major nationwide (over)expansion in the late 90s before they went public the first time (2000), then subsequently ended up having to close most of them. They were taken private again by JAB in 2016.


Yeah, probably late 90s would be my guess.

As they slowly died, there was a time one of the only stores left would supply donuts to gas stations and grocery stores, but that died too.
 
2021-07-01 1:20:27 PM  
All I know is that I used to have one right by my house that was always busy. Then they closed the store and move it to Glendale and the building with all the logo is still there to this day, taunting me with its empty promises.
 
2021-07-01 2:07:46 PM  
The one up in Portland was never busy when we went there.  My wife loves KK, but IMHO just about every grocery store in the area has better for less money.
 
2021-07-01 3:43:31 PM  
They opened one here in the 00s... was super busy for awhile, but people began to realize their donuts were crap. They closed after a couple of years and the building is a Chick FIL a now.
 
2021-07-01 9:46:47 PM  

OccamsWhiskers: Farking Clown Shoes: Wallstreetbets don't like these stonks:

[Fark user image 619x430]

I don't know wsb, but I am proud that my interpretation of "full DD" is "full Dunkin Donuts".


I don't know wsb, either. This is FARK, and most of us have an entirely different interpretation of what a "full DD" is.

I would elaborate, but it's not exactly business related.
 
2021-07-01 9:58:47 PM  

cyberspacedout: OccamsWhiskers: Farking Clown Shoes: Wallstreetbets don't like these stonks:

[Fark user image 619x430]

I don't know wsb, but I am proud that my interpretation of "full DD" is "full Dunkin Donuts".

I don't know wsb, either. This is FARK, and most of us have an entirely different interpretation of what a "full DD" is.

I would elaborate, but it's not exactly business related.


It's just "Due Diligence" (And the /wsb/ crowd is honest enough with itself to admit that its standard for due diligence is basically "Any analysis more complicated than a meme.")

Fark user imageView Full Size


The Bestest: how long ago was this? They had a major nationwide (over)expansion in the late 90s before they went public the first time (2000), then subsequently ended up having to close most of them. They were taken private again by JAB in 2016.


NOTE: This chart is for KKD, which was Krispy Kreme's ticker 20-odd years ago. The shares of DNUT have zero relationship to KKD.

Fark user imageView Full Size


(Again, the shares of DNUT have zero relationship to KKD, that's literally the point of taking a company private, doing whatever the fark you want to its capital structure, and then recapitalizing it and/or cashing out by reissuing new shares of a completely different company. KKD sold donuts. DNUT sells donuts. That's all they have in common.)

KKD was a big cult stock back in the day (so long ago we called them "stocks" and not "stonks") that used the proceeds from their IPO to overexpand and got into trouble (as low as $1/share) after the financial crisis of 2008. They eventually made a respectable recovery, but the stock didn't really reclaim its former glory.

The $1.35B go-private transaction was in 2016 at $21/share (a premium to KKD's $16ish trading range) by JAB - the same conglomerate that bought out GMCR (Green Mountain Coffee Roasters, aka Keurig, so long ago we called it "Coffee" instead of "Covfefe") for $14B.

This appears to be JAB raising $100M -- which will put a price tag on their remaining holdings.Same as they did when they took Peets public, and they're presumably going to do with Panera ("Vulgar display of Flour!") later this year.

- me, last month: https://www.fark.com/comments/1147000​6​/136978921#c136978921
 
2021-07-02 7:49:33 AM  
They have lost the cachet of unavailability, like Coors beer years ago.
Their product is not exceptional.
 
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