Solitron Devices ($SODI) has been a net net for quite some time, but has recently run up above the net net price of $3.24 per share. OddBallStocks wrote a letter to management in June 2012 urging management to buy back stock and to hold an annual meeting. SODI has not held an annual meeting for over a decade. It appears that more investors are getting involved to institute some changes. Furlong Financial LLC has sent a letter to SODI’s management to make a shareholder proposal. Furlong has proposed increasing the number of board seats from 3 to 6 and...
$NROM – Noble Romans Pizza – Undervalued Growth?
Noble Roman’s Inc ($NROM) is a company that sells pizza. That’s a simple explanation, so let me go into more detail. $NROM has been around since 1972, and recently has shifted its focus into the Take -N-Bake Pizza industry. Prior to the past year, Noble Roman’s had two main lines of business: selling through non-traditional locations and through franchising restaurants. They were not successful in the franchising business with traditional pizza restaurants, and just closed out some pending lawsuits which the company won. The non-traditional business is now the main source of revenue and profits (grocery stores, convenience stores, etc…) but...