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Fired Up for Krispy Kreme Doughnuts

A downgrade from a single analyst -- Wedbush -- was all it took to send Krispy Kreme Doughnuts (NYSE: KKD  ) rolling downhill earlier this week. But did investors overreact? Sure, the stock's more than doubled over the past year. True, it carries a higher P/E ratio than either Starbucks (NASDAQ: SBUX  ) or Dunkin' Brands (NASDAQ: DNKN  ) .

But as Motley Fool contributor Rich Smith explains, that's only the start of the story at Krispy Kreme. Click through to hear the rest -- and learn why even after a clean double, Rich thinks the stock's still worth buying.

Like profit as much as you like doughnuts? Profiting from our increasingly global economy can be as easy as investing in your own backyard. The Motley Fool's free report "3 American Companies Set to Dominate the World" shows you how. Click here to get your free copy before it's gone.

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Related Tickers

12/31/1969 7:00 PM
KKD $0.00 Down +0.00 +0.00%
Krispy Kreme Dough… CAPS Rating: **
DNKN $50.51 Up +0.40 +0.80%
Dunkin' Brands Gro… CAPS Rating: ***
SBUX $54.13 Down -0.31 -0.56%
Starbucks CAPS Rating: ****