At one time, Krispy Kreme was a bit like Green Mountain. It was a cult stock following its 2000 IPO; and expectations for growth were huge. Things did not work out well, and most gave up on the name, as shares fell from the $50 range in 2003 to about $5 in 2005. Investors did not want to be burned again. Shares now trade near a 6-year high. Something very interesting happened on May 8; shares fell 9% on 6 times average volume on no news, and it actually has a connection to Green Mountain. As it turns out, Green Mountain founder Robert Stiller, who owned 11% of Krispy Kreme, sold his stake in the company, dumping a large amount of Krispy Kreme shares on the market at one time. This sale was reportedly the result of margin calls he received after the huge hit his Green Mountain shares endured just days earlier, following a bad earnings report. Kripsy Kreme shareholders, who kept their cool, and saw this event for what it was, have been well-rewarded since; shares are up about 72% since early May. Part of value investing is buying names that others have given up on, and avoiding those that everyone else is clamoring for, especially when valuations get out of hand. It's not for everyone; it often means owning names that are unfamiliar or unpopular. It certainly was not cool to own Krispy Kreme even a few years ago; while everyone and their brother wanted a piece of Green Mountain. When "greed" goes too far, investors get hurt. When "fear" does the same, there may be opportunity. At the time of publication the author is long Krispy Kreme. Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.