Wednesday, January 2, 2008

Krispy Kreme (KKD)

Company:Krispy Kreme Donuts
Web Site:http://www.krispykreme.com
Purchase Price:$3.11
Current Price:Click Here

Krispy Kreme makes some of the finest donuts on the planet. The company has been in business since the 1930's, but only recently wet public and began to expand their chain nationally and internationally.

I bought into this company because they have a long track record of success, an the opening of a new franchise always causes a mob scene and makes the local news. They're having some growing pains, but I expect they will recover and the stock will return to its previous levels ($12 to $15 per share).

This is another long-run stock, which I will hold indefinitely.

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