It’s been a tough past few months for Krispy Kreme (NASDAQ: DNUT) shareholders. Although the stock’s perked up this month after becoming one of the market’s favorite meme stocks, this gain still doesn’t come close to unwinding the ticker’s 66% setback from its September peak. Shares are now down 77% from their 2022 high, despite the recent bounce from the record low made in June.
Veteran investors know that the best time to buy a great stock is “on sale.” Krispy Kreme shares are most definitely trading at a discount. However, a stock isn’t necessarily great simply because it dipped.
Here’s some food for thought if this ticker has made its way back onto your radar.