Contest winner…

November 14, 2005

I know I had promised to post the winners on Friday, but I found it hard to make a decision. The winning entry comes from a reader in Virginia who noted that Nathan’s Famous (NATH) seems to have a hidden talent in real estate. In the Q that the company filed last week, it noted that it made $2.81 million by selling a parking lot for $3.1 million. Though the company doesn’t say where in Brooklyn the parking lot is, my bet’s on Coney Island, which has seen more than a bit of real estate speculation lately. But unless Nathans has more parking lots to hawk, it may be hard to duplicate the results in successive quarters just by selling hot dogs.

Thanks to everyone who entered — it really was hard to choose. I’m about to head off to San Francisco for a few days, so a footnoted.org regular will be filling in for me in my absence for the rest of the week.

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