WEST
Fat Pitch Financials Portfolio November 2008 Update
An update on the painful declines my value portfolio has seen over the past month.
Slaughtering Sacred Cows and Grinding Them Into Steakburgers
Notes and comments on the Steak n' Shake Investor's Day on November 11, 2008.
Fat Pitch Financials Portfolio October 2008 Update
The painful performance numbers for the Fat Pitch Financials Value Portfolio. These value picks did not escape the market decline.
Western Sizzlin should rebid for ITEX
Late last year Western Sizzlin offered ITEX shareholders the opportunity to exchange 1 share of ITEX for .06623 shares of Western Sizzlin. We believe the growth of ITEX would be faster and more profitable under WEST. We think Western should open the tender again.
Biglari Takes on More Responsibility : Circle of Competence
Steak N Shake has a new CEO: Chairman Biglari.
Penny pinchers make great partners
Walking by the JPMorgan headquarters in downtown Manhattan you might be surprised to find Jamie Dimon standing on the side of the road talking to the limo drivers. Rest assured - he’s not asking about the weather.
A Couple of Bargains : Circle of Competence
Taking a look at some bargains I see floating around right now, from mechanical contractors to media.
The Changing Tides at Steak N Shake : Circle of Competence
Taking a look at some news pieces and items of interest related to Steak N Shake, from the past 2 weeks.
Notes from the 2008 Western Sizzlin’ Annual Meeting : Circle of Competence
I attended the 2008 Western Sizzlin' Annual Meeting, and with help from a few other shareholders, put together a set of notes on what took place at the meeting. Enjoy!
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96th Edition of the Festival of Stocks
A roundup of last week's stock market related blog posts hosted at Fat Pitch Financials.
Fat Pitch Financials Portfolio Mid-Year Update 2008
The mid-year performance report for the Fat Pitch Financials Portfolio. The number remain ugly, but not much worse than the S&P 500.
Editorial: Steak n Shake needs healing
A newspaper editorial that thinks Sardar Biglari can bring Steak n Shake shareholders "a shot at leadership with a common vision for unlocking the brand’s true value."
Buy ‘Em Back at Western Sizzlin’
Western Sizzlin' announced a share buyback authorization today, which is terrific news for shareholders. In this article I explain why that make sense for WEST and all undervalued companies.
Biglari Named Chairman of SNS: Shareholders Rejoice!
On Thursday night, June 19th, Sardar Biglari was named Chairman of Steak N Shake Corp. This rings as terrific news for shareholders of both SNS and Western Sizzlin'.
“Looking Through” Western Sizzlin’ : Circle of Competence
Myself and Shane from NFI produced, from scratch, a set of look through financial statements for Western Sizzlin' Corp.

