Seeking Alpha

Krispy Kreme's (KKD) board approves $50M in buybacks effective immediately, reflecting...

Krispy Kreme's (KKD) board approves $50M in buybacks effective immediately, reflecting "financial strength [and] outstanding free cash flow generation," in the words of CEO James Morgan. The company has also refinanced its secured credit facilities which should generate $1M in interest expense savings in the next year. (PR)
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I wonder how much of the daily stock volume are these buybacks....I bet it is a high %....
    15 Jul 2013, 08:27 AM Reply Like
  • kkd
    , contributor
    Comments (9) | Send Message
     
    I purchased a nice position at 12 so I have enjoyed the ride up. if it goes up to 24, i will sell half my position and play on their money.
    15 Jul 2013, 11:14 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs