|My thought on KKD (when the stock was "crazy low" ) was always : WTF is the stock doing down so low ???|
As I think I said here on this message board previously --
Just the rights to the KKD name / logo / "brand" / etc. should be worth a LOT of money.
According to the Yahoo finance page on KKD
the market capitalization of KKD based on today's close (a bit above $21.00 per share)
is about $1.4 billion.
This (to me) does not seem "irrationally" high to me.
(It does not appear "crazy low," either.)
Main conclusion / analysis of KKD price / trading behavior over the past years :
The market was just WRONG when the shares were around $2 or $3 (roughly three years ! ) ( late 2007 through mid-2010)
It was "priced for" imminent Chapter 11 Bankruptcy, possibly (?)
The thing that annoys me ("to this day") is :
during those three years, several times, I seriously considered buying a lot of KKD, and the plan was : to then ... TRY real hard to do "buy and hold"
But -- three years of "the whole world" saying : you (Jon) are just stupid, and all of KKD is worth only a few hundred million dollars ...
just "wore me down," and I never bought any.
This "episode" will be "etched" in my memory for the rest of my life.
A business that has been around since ( I think) the 1930s, with huge "brand recognition," should be worth a fair amount of money !