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Nathan's Famous Inc. Message Board

  • stockguy246 stockguy246 Jan 21, 2013 5:46 PM Flag

    Gabelli Comments

    Is Hillshire still an acquisition target?

    Gabelli: It will be bought by someone. Meanwhile, management is doing a terrific job of getting back to basics. I must say a kind word about another sausage company whose stock is too small to recommend. This company was founded in Coney Island in 1916. It sells Nathan's hot dogs [holds aloft a plastic package of Nathan's franks]. One of the dynamics behind Nathan's Famous [NATH] is a capitalization shrink. The company has reduced its share count to 4.2 million from 6.2 million. The shares are $35, and the company has a $140 million market capitalization. It cut a deal with Smithfield Foods [SFD], which will market its products starting in March 2014. As a result, earnings will explode upward to about $3 a share in 2015 from an estimated $1.20 this year. The market soon will start discounting that.

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