So I understand that Biglari has pissed off a lot of people with renaming Steak N’ Shake to Biglari Holdings and his hedge fund-like compensation package, which is of course unheard of for publicy listed restaurant companies. To be sure, Warren Buffett doesn’t have anything like that, nor does the Tisch family or the folks…
Tag: BH
Biglari Holdings Annual Meeting
So I did something unusual and went to an annual meeting last week. I am usually not interested in annual meetings as they seem to be sort of love fests or promotional events and most of them seem to be rubber stamp events with no real substance. Of course, the glaring exception is the Berkshire…
Cracker Barrel / Biglari Holdings
To continue the story, Biglari Holdings (BH) bought 1.05 million more Cracker Barrel (CBRL) shares in January for $54 million. So that sort of changes the composition of the balance sheet. At the end of December 2011, BH had cash and investments of: Cash: $115 million Investments: $119 million So the above transactions changes that to:…
Biglari Holdings: Real Deal or Phony?
Biglari Holdings (BH) is a Berkshire Hathaway like investment vehicle run by a young manager named Sardar Biglari. Actually, BH is what was Steak ‘n Shake (SNS), a hamburger restaurant chain that Biglari’s hedge fund owned. After a bunch of transactions which merged the hedge funds with Steak and Shake and another restaurant chain, Western Sizzlin, SNS was…