A downgrade from a single analyst -- Wedbush -- was all it took to send Krispy Kreme Doughnuts (KKD +0.00%) 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 (SBUX 2.69%) or Dunkin' Brands (DNKN +0.00%).
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.
