Wednesday, June 10, 2009

Nathans- Too Famous To Discussion

Nathans Famous (NASDAQ:NATH) reported results representing Nathan’s sixth consecutive year of increased revenues and profits from continuing operations. I know it’s a very small company. Market cap approximately $80 million. But all the press release dealt with was some elevator analysis of the financials and then a few words about the stock buy back program. No critical evaluation of operating results was provided. Looks to me that management is just there for the short term share maximization, issue some stock options, exercise stock options and then pump it up again.