Two nuns [or at least two women dressed as nuns] drink beer while watching the playoff draw between Quebec and Manitoba at the 2014 Tim Hortons Brier curling championships in Canada in March…
The first Friday of June is National Doughnut Day in the United States. The event was created by the Salvation Army in 1938 as a fund raiser and to honor women who served donuts to soldiers during World War I. Some independent doughnut shops and large national franchises, such as Dunkin’ Donuts and Krispy Kreme, offer free doughnuts to customers in the United States in honor of the day.
If you have a participating location near you, have a doughnut and consider these
five two bakery stock picks (and one IPO) inspired by the day.
Krispy Kreme Doughnuts – As mentioned Krispy Kreme (NYSE: KKD) is offering complimentary doughnuts on Friday. The company’s best quarterly earnings report in seven years pushed the stock to a new multiyear high of $8.66 per share recently.
Tim Hortons – Canada’s leading doughnut and coffee shop is looking for a new chief executive; former CEO Paul House has the reins in the interim. Tim Horton’s (NYSE: THI) raised prices in the most recent quarter, but earnings grew less than analysts expected…
Dunkin’ Brands – Dunkin’ Brands, which operates the Dunkin’ Donuts and Baskin Robbins chains, last month filed with U.S. regulators to raise up to $400 million in an initial public offering. The company did not disclose the pricing per share, number of shares or an offering date. The stock will be listed on the Nasdaq exchange with a ticker of DNKN.
I have no idea why the pop stock writers at Benzinga included Sara Lee, Flowers and Einstein Noah in their article. But, then, I can’t figure out why anyone uses the site much, anyway. They pump out lots of articles – with multiple repeats – which probably keeps their traffic inflated.
Poisonally, I’m waiting for the DNKN IPO. Not jumping in at the beginning, the usual mistake for retail investors. I’ll probably wait at least 5 months to get beyond the takeout period for inside trades. But, I used to count Dunkin Donuts as a significant portion of the sweet [smallish] side of essential nutrition when I was on the road.