It's the end of the cupcake bubble! Oh nooos!!
A few years ago, cupcake shops were hot. They rode on the wave of rapid growth. From a few cupcake bakeries in New York City, the trend spread to other cities and even had a show or two on cooking television channels.
In 2011, Crumbs stock started trading on NYSE. Its market cap exceeded $65 million when the stock traded over $13/share.
Now in 2013, the stock has dropped 90%.
http://finance.yahoo.com/q/ta?s=CRMB+Basic+Tech.+Analysis&t=2y
Wall Street Journal has an article on the cupcake crumble:
http://online.wsj.com/article/SB10001424127887324345804578425291917117814.html
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