abbyz1

Nathan's Famous: Well-Known Brand, Unknown Stock

I agree with all your points and, in addition, I would net out the excess cash when looking at the P/E. There is close to $35m of excess cash or $5 to $6 per share. Net of excess cash you are paying about $8 or $9 per share vs 77 cents of EPS or less than 11x or 12x. Excess cash balances should continue to build up over time since there are few working capital or capital expenditure requirements here. Also you have a very smart lead investor in Steel Partners with close to 15% ownership. I agree that NATH is a good bet.