Not much of a stock pro but...
I was at the right place at the right time. I work for IKON Office Solutions during the day and have been for about eight years.
Almost two years ago the the stock price was about $50 per share. Shortly after, the CEO at that time announced, after being investigated, that the books were fluffed to give a good impression to the public, thus increasing the perceived value of the stock. Needless to say the stock plummited to about $2 per share and stayed that way for almost two years.
At the time of the price dip I had 6% of my check going into IKON stock. I immediately jumped it up 10% for the next year and a half.
Cannon and IKON recently announced their talks of a merge. In some cases this makes the stock price go up. It did with IKON's. It is now up to almost $8 per share in about a month. Might be beans now, but if Cannon buys out IKON the stock just might go way up (I hope).
Congratulations Gordon on your Krispy Kreme investment.
Dennis
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