$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...