What a difference a decade makes. When it started, The Kreme could do no wrong — every new store christening was an event. When the first KK opened in Denver in 2001, people were lined up for a mile to get in, and some people were dancing inside the store after they got their doughnuts. Its IPO rocketed to astonishing highs, then dropped like a rock, as if The Street thought KK was a dot com. As the decade is about to end, Double-K is on the verge of closing altogether, so thinks Yahoo Finance.
Six Flags is also on that danger list. If both The Kreme and Six Flags go, this should make a drive on Interstate 44 west from St. Louis less interesting. After all, the routine was that you got off of 44 at Bowles to get some Krispy Kreme, then back on it going west to get off at Six Flags.
