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Biglari : Buy ‘Em Back at Western Sizzlin’

Submitted by admin on Tue, 07/08/2008 - 11:18

A great, but not surprising, piece of information was released today regarding Western Sizzlin’: share buyback authorization.

The 8-k filed today by the company tells us that Western Sizzlin’ has authorized Biglari to buy back up to 500,000 shares.  Doesn’t sound like much, until you consider that the company only has a total of 2,700,000 shares outstanding.

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