Frisch's Restaurants, Inc.

Frisch's Restaurants, Inc. is an AMEX listed security that has been trading in a range between $22.70 and $38.32 over the past year. With 5,106,090 shares outstanding, a recent price of $29.75 gives a total market capitalization of $153,182,700. While there are certainly larger companies, Frisch's Restaurants, Inc. has definitely earned its place in the pack. Last year, Frisch's Restaurants, Inc. created $1.87 in earnings for every share outstanding.

Frisch's Restaurants, Inc. is currently priced by the market at 16.10 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price under $50 a share and earnings per share in excess of $1 a share, Frisch's Restaurants, Inc. could be an interesting value proposition.

Dreyfus Municipal Income, Inc.

Dreyfus Municipal Income, Inc. is an AMEX listed security that has been trading in a range between $7.88 and $10.01 over the past year. With 20,589,320 shares outstanding, a recent price of $8.80 gives a total market capitalization of $180,362,448. While there are certainly larger companies, Dreyfus Municipal Income, Inc. has definitely earned its place in the pack. Last year, Dreyfus Municipal Income, Inc. created $0.54 in earnings for every share outstanding.

Dreyfus Municipal Income, Inc. is currently priced by the market at 16.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price under $50 a share and earnings per share below $1 a share, Dreyfus Municipal Income, Inc. could be an interesting value proposition.

International Flavors and Fragrances

International Flavors and Fragrances is the world's most recognizable producer of flavors and fragrances with sales of nearly $2 billion in 2005. While the company is not alone in its niche, no other firm can match its combination of expertise and reputation.

On Wall Street, International Flavors and Fragrances is perhaps best known for a nearly unprecedented history of 39 straight years of uninterrupted dividend increases between 1956 and 2005. While the company disappointed investors who had come to believe in its infallibility, the unexpected bump in the road gain patient investors a good buying opportunity.

Flavorings and Fragrances are typically a very dull business, but consistent profits are a virtue that any investor can come to appreciate. While the company is not a bargain at any price, the safety of the company's revenue stream ensures that any downturn is the sign to buy more rather than the occasion to get out.