Steak N Shake Begins to change in FYQ3
Here it is folks, the first quarter for Steak N Shake, under the watch of Sardar Biglari, is now in the books.
Instead of me giving you all the quotes, you might as well just go ahead and read the press release. There are too many great quotes for me to choose one or two.
Basically, Biglari [...]
A couple of bargains
Note, 08/06/08: I made some horrendous editing mistakes in this piece. I’ve gone through it again and fixed up most of the mistakes. Sorry for the sloppiness, readers. In the future, if you notice them, leave a scathing note so I get sufficiently motivated to do better editing work.
Sorry for the dearth of writing lately. [...]
Time Warner: Worth Keeping an Eye On
By the end of the year, Time Warner Cable (TWC), will be a stand alone entity after being spun off from Time Warner Inc. (TWX). TWC is a publicly traded company as it currently stands, 84% owned by its parent, Time Warner Inc. The carve-out occured early in 2007, trading between $36-43, but has plummeted [...]
Buy ‘Em Back at Western Sizzlin’
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 [...]
A Couple Quick Notes on Steak N Shake and Sears
Just wanted to drop a couple of quick notes on two portfolio companies, Steak N Shake and Sears Holdings.
Re: Steak N Shake, they filed the 8-k today regarding the election of Sardar Biglari to Chairman, a move we mentioned last week.
In the filing, there is a small, but noticeable governance issue that has been resolved, [...]
Sardar Biglari Named Steak N Shake Chairman: Shareholders Rejoice
Tonight, after the close of the market, Steak N Shake Co. named Sardar Biglari the Chairman of its Board of Directors.
If you didn’t notice by the title of this post or my recent articles concerning the company, this is extremely good news for shareholders of Western Sizzlin’ Corp, of which Biglari is Chairman and CEO, [...]
“Looking Through” Western Sizzlin’
A few days ago, I posted a lengthy analysis of Western Sizzlin’ Corporation, a company that I am a huge fan of, run by Sardar Biglari, a young hedge fund manager.
The company, as I mentioned, is structured as a holding company, with nearly half of its market cap in 3 investments: Steak N Shake common [...]
