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Monday, November 06, 2006

Cramer Said Krispy Kreme is a Buy (KKD)

Cramer said while there are some that he wouldn't touch with a 10-foot pole, but Cramer went out on Krispy Kreme (KKD)after Prudential's (Howard Penney) analyst went out positively with the recommendation last week. Cramer thinks he is right on KKD.

Cramer said he has made a joke of KKD for 5-years, but he says now it is a Buy. The Prudential analyst made Cramer change his mind. Cramer said the analyst is honest and good. This analyst even called OSI (OSI).

Cramer said the analysis was honest and Prudential has no conflicts because they do no investment banking. There is risk here, but if you look rationally at the stock the call makes sense. Their doughnuts are good and international prospects can outweight their historical financial dismal performance.

Cramer said that anyone who owns the stock now has already weathered a storm and isn't going to panic. They are all strong holders and th shorts are out in force on the name still.

Jon C. Ogg
November 6, 2006
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