Hot Dogs Stale? Not At Nathan's FamousBy
Nathan's hot dogs are as native to New York as the Yankees. And when the 77-year-old Nathan's Famous went public on Feb. 26, its shares sold as fast as weiners in Yankee Stadium. The stock shot up to nearly 11 that day from the initial price of 9. "It was a hot offering for a company in a business that has somewhat cooled," notes one South Carolina investment manager.
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