Below is a horrible, hastily-taken photo of one of the best steaks I have ever eaten. I have wanted for some time to apply the techniques I learned in the Tender at the Bone (aka Meat) Class that I took last year to make us a meal featuring filet mignon.
I have tried to make filet mignon twice before, using a recipe that claimed a hot sear for 3 minutes on each side would produce a medium-rare steak. It does not. Filet mignon is a thick little steak, and both times I attempted that recipe I had to return the steak to the pan several times. But not this time.
A technique suggested in an issue of Cook's Illustrated involves cooking the meat in the oven to a specific internal temperature (using a probe thermometer), then removing it from the oven and searing it on all sides. While the meat rests on a plate, a pan sauce can be made (which I then mixed with some mushrooms that I had sauteed throughout the process.) Despite the ugly photo (we were in a hurry to eat it!), this was definitely one of the best things I have ever cooked. And, cooking filet mignon yourself not only saves tons of money, but ensures that your steak is actually cooked to your liking.