Western-Sizzlin Archive

Western Sizzlin Site Visit

This past Saturday I had the opportunity to finally visit one of the Western Sizzlin Corporation (WEST) restaurants. The particular restaurant I visited was actually a Great American Buffet branded Western Sizzlin restaurant. After fishing with my son on the Potomac River all morning, we stopped by the Alexandria, VA restaurant that was fairly close to where we

Valuing Western Sizzlin

On Monday, Western Sizzlin (WSZL) announced the final results of its rights offering. As was discussed in my post announcing that I was buying Western Sizzlin for the Fat Pitch Financials Portfolio, Sardar Biglari issued 898,875 new shares of WSZL through a rights offering that started on October 17 and ended November 16, 2007.  The rights allowed holders to purchase Western Sizzlin stock

Adding Western Sizzlin

The Fat Pitch Financials Portfolio has a new stock.  It is Western Sizzlin Corp. (WSZL). I was hoping to write about this position last weekend, but transferring Fat Pitch Financials and Value Investing News to a new server took up all of my free time last weekend. In retrospect, I should have at least found time

Special Situations Real Money Port October 2007 Update

October was a rather boring month for the Special Situations Real Money Portfolio.  After the liquidity crunch in August from the blowup in the sub-prime mortgage market, tender offers have largely disappeared and going private transactions are scarce. The Special Situations Real Money Port was slightly down in October.  This account closed October with a balance

Weekend Reading from Value Investing News

It’s been a very busy week for me and it looks like members of Value Investing News have also been very busy finding great stories.  Here are this week’s highest ranked stories: The Chipotle Mispricing Persists Pabrai Funds shareholder meeting 2001 transcripts Warren Buffett’s Magic Formula in 1965? eBay: Warren Buffett Power Lunch to Benefit

Western Sizzlin Rights Offering Experience

Western Sizzlin (WSZL) hit my limit price of $10.00 Wednesday, March 7th as a result of  Sardar Biglari’s letter to Friendly Ice Cream (FRN) shareholders and Friendly’s decision to consider selling the company, so my 600 shares were sold. As many of you have probably noticed, Western Sizzlin has been part of the Special Situations Real Money Port since last