Frisch Restaurants, Inc. (FRS) operates 95 restaurants located in Ohio, Kentucky and Indiana. The stock is attractively valued because it currently trades at 1.1 Price/Book, yet book value is understated.
Frisch's Big Boy restaurants are full service family-style restaurants that offer quick, friendly service. All of the restaurants offer "drive-thru" service. The restaurants are generally open seven days a week, typically from 7:00 a.m. to 11:00 p.m. with extended weekend evening hours. Standardized menus offer a wide variety of items at moderate prices.
Straight to the Balance Sheet
At the heart of the matter is the company's balance sheet. The company opened the first Frisch's Big Boy restaurant, Big Boy One, on Central Parkway a...
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