Whopper Investments
Deep value, special situations, event-driven, arbitrage

Noble Roman's New Initiatives Could Be Baking Up Some Profits

One of my favorite books on investing is Mohnish Pabrai's "The Dhando Investor". In it, he describes an investment type he calls "Heads, I win. Tails, I don't lose much". The investment rationale behind such an investment is simple: if one event happens (a coin flip comes up heads), the investor will make a significant return on their investment. If the event doesn't happen (the flip comes up tails), the investor will basically break even or perhaps turn a slight profit.

At today's prices, Noble Roman's (OTCQB:NROM) potentially represents a similar coin flip. If heads (their stand-alone take-n- bake locations) works out, the stock could be multiples of its current price. If tails (the stand-alone locations fails), then...

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