Retail

Krispy Kreme Current in SEC Filings; Now What?

Krispy Kreme Doughnuts, Inc. (KKD-NYSE) announced today that it has finally become current in its SEC Filings: Form 10-Q for Q1 2004 and Q3 2005 fiscal year; filing follows the filings of the Company’s Form 10-Qs for the first, second and third quarters of fiscal 2007, filed on December 22, 2006, January 19, 2007 and January 19, 2007, respectively.

This brings the Company current with all of its SEC periodic reporting obligations.  Krispy Kreme will hold its Annual Meeting of Shareholders on Wednesday, January 31, 2007.  At the annual meeting we’ll get their revised business plan and perhaps some expectations for 2007 and beyond, but keep in mind that their fiscal years end in January.  Will they serve doughnuts and Koffee at the meeting? 

KKD shares have hardly ticked in after-hours trading, likely because this was the last part expected or at least most of it.  KKD closed up 0.15% at $12.90 in trading today, and its 52-week range is $5.22 to $13.93.  Its January short interest was 18.6 million shares (38% of float is short), up from 18.3 million shares in December.  Unfortunately this one has been black-balled so hard that there are many investors that will never return to it.

Jon C. Ogg
January 29, 2007

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