930686--3/23/2007--WESTERN_SIZZLIN_CORP

related topics
{loan, real, estate}
{personnel, key, retain}
{financial, litigation, operation}
{investment, property, distribution}
{stock, price, operating}
{customer, product, revenue}
{stock, price, share}
{cost, operation, labor}
{competitive, industry, competition}
{interest, director, officer}
{operation, natural, condition}
{regulation, change, law}
{tax, income, asset}
{regulation, government, change}
{condition, economic, financial}
{operation, international, foreign}
We are dependent on key personnel. Our stock price could be volatile. A sale of a substantial number of shares of our common stock could cause the market price to decline. We are controlled by two stockholders. Our Board of Directors has recently undergone significant change. The Audit and Finance Committee of the Board of Directors did not have the number of directors required by NASDAQ rules until March 2007. We are dependent on one key person for investment and capital allocation decisions Our investment portfolio in marketable securities is highly concentrated. Our investment activities may involve the purchase of securities on margin. Our investment activities could require registration as an Investment Company. We are experiencing a decline in our franchise base. Our restaurants operate in a highly competitive environment. We are highly dependent on attracting and retaining qualified employees while also controlling labor costs. We are dependent upon the timely delivery of fresh ingredients. General economic factors may adversely affect our results of operations. We face the risk of adverse publicity and litigation relating to food-borne illness, employment and other matters that could have a material adverse affect on our business and financial performance. Our planned sales growth through new, relocated or remodeled restaurants, both Company-owned and franchised locations, may not be successful. We are regulated by the federal and state government. Adverse weather conditions or losses due to casualties such as fire could negatively impact our financial performance. Pending litigation could have a material adverse effect on our financial position, cash flows and results of operations. We are involved in a potential proxy contest for two seats on the Board of Directors of Friendly Ice Cream Corporation.

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