Krispy Kreme has cleaned out the executive offices. Scott Livengood has retired and the company has brought in executives who specialize in righting wayward companines. The company isn’t out of the woods yet- shady accounting looks like it will inflict some more damage before it is all over.
Despite all the account shenanigans that have cast the company in a bad light, Krispy Kreme makes a really good doughnut. I have faith in the doughnut. People are not going to stop buying doughnuts because the CEO cooked the books. As long as they keep making the doughnuts, there will be a market.
Now if the stock price could get to $30 again, I will have made a killing on my KKD stock!
I just want to get my Travelzoo certificate. That sucker is sinking like a stone.
It is about time KKD got that $%^#@ out of there. He has fired many a good employee, anyone that disagrees with him. He has alway been puling these snakey tricks. It is kind of hard to pull these over on the SEC>