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Nathan's Famous Inc. Message Board

  • UHUH24 UHUH24 Jul 10, 2007 10:59 AM Flag

    growth is slowing not expanding

    The key to this story is the branded products program. Unfortunately it looks like it has run the course. Sales are slowing from the good levels of fiscal 2007. last quarter they said branded "Sales increased by 13.9% ended March 25, 2007 as compared to March 26, 2006. Sales increased by 11.3% ended March 25, 2007 as compared to 2006 period." While still growing --it is probably single digits going forward. TheY earned $.82 in 2007 and the stock is 23 times e.p.s. pretty pricey for hot dog company. Am I wrong or has this stock done all the work it will do for a long while.

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    • this should fun to watch
      Date Insider Shares Type Transaction Value*
      5-Jul-07 LORBER HOWARD M
      Officer 1,235,553 Direct Option Exercise at $3.25 per share. $4,015,547

      This option exercise represents 20% of the outstanding stock and 25% of the float, Watch out below when this gets dumped on the market especially considering how illiquid this is. hard to believe the size of this option grant--thank you very much

      • 1 Reply to analyst112
      • Been aware and expecting this would happen for many years. I've commented on this board over the years on Nath's options/warrants, many of which originated as a result of takeover deals. As an investor you should expect all options to eventually become outstanding shares if the business does very well. This is an unfortunate trend in recent investing times. While some may be surprised, I've always used ~7 million outstanding shares in my analysis of this company. Some consolation can be taken in the fact that another 3-4 million in cash will be added to an already cash loaded balance sheet. Any significant selloff would be a buying opp. in my opinion.
        BTW, I don't seem to remember seeing any posts from you on this board over the years. What were you doing when the Nath longs were buying at $7, $5 and $3?

    • Oh here come the bashers. Your totally wrong, in fact bogus. Read "This dog can hunt below." That guy has a PhD in Math and a full time professor. What are your credentials/

 
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