Frisch's Restaurants (NYSEMKT:FRS) appears to be one of the cheapest stocks in the industry, paying a reasonable dividend, but looks can be deceiving. While it yields 2.8%, and is better than the majority of the casual dining stocks in the industry, it's been quite the laggard since coming out of the financial crisis. The broader market has really taken off, leaving Frisch's behind.
Not your typical fast food chain
Frisch's operates the staple Frisch's Big Boy restaurants, operating just under 100 stores, while licensing another 25. Its stores are located across Ohio, Kentucky and Indiana. And regardless of whether you're a casual dining food fan, you'd likely recognize the highly popular Big Boy icon.
Of course, Frisch's is...
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