Friday, July 30, 2004

SEC probes Krispy Kreme accounting and Donuts are not a health food

SEC probes Krispy Kreme accounting - Jul. 29, 2004: "Krispy Kreme Doughnuts Inc. announced Thursday that the Securities and Exchange Commission was conducting an informal, non-public probe into the company's accounting."

The stock, which is down over 67% since last August, fell about 15% on the news.

This just continues a very bad year for the firm. In May the company's executives were sued

0 comments:

Post a Comment