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.

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