dcollon Posted August 11, 2009 Share Posted August 11, 2009 http://sec.gov/Archives/edgar/data/930686/000092189509002238/form10q07689_06302009.htm Link to comment Share on other sites More sharing options...
Parsad Posted August 11, 2009 Share Posted August 11, 2009 Very impressive results for the restaurant business. Alot of operating expenses have decreased, as have D&A and legal costs. Whoever thought you could take the fringe Western Sizzlin buffet operations and turn them into a restaurant business that will generate $1.5-2M in operating profits and growing. Cheers! Link to comment Share on other sites More sharing options...
OracleofCarolina Posted August 11, 2009 Share Posted August 11, 2009 Sanjeev, Did the 10-q change your mind about owning WEST now? Link to comment Share on other sites More sharing options...
Parsad Posted August 11, 2009 Share Posted August 11, 2009 No, I like Steak'n Shake's business better and it will pretty much be the same thing, just with bigger cash flows. The other issue is liquidity for our partners. WEST is not very liquid, whereas SNS is. If we ever need to redeem capital for partner withdrawals, it would be much easier with SNS than WEST. But if you are a small investor who doesn't have to worry about liquidity, you'll do perfectly fine with WEST...albeit it isn't as cheap as SNS currently. Cheers! Link to comment Share on other sites More sharing options...
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