Krispy Kreme Stock Looks Cheap -- or Does It?

This is a high-risk, but potentially high-reward turnaround story.Krispy Kreme (DNUT +3.27%) has long been one of America's most recognizable consumer brands. But for investors, it is also a reminder that not every beloved brand translates into a winning stock.After its 2021 initial public offering (IPO), Krispy Kreme's shares have lost more than half their value, recently falling to $4.40 per share (as of writing), near an all-time low. At first glance, that makes the stock look irresistibly cheap. The com ...