strategies similar. Skimp on maintenance of stores and use cash flow for investments and stock buybacks (per Biglari's agreement to do personally it with bonuses).
Lampert's idea was to shrink the number of shares outstanding and thereby increase his percentage ownership of Sears. Look what has happened after many year per the Wall Street Journal this morning. Lampert has made Sears and K Mart third rate retailers and has imploded the value of his holding company.
Beware of those who claim to be investment whizzes and overpay themselves. If you had bought McDonald's a few years back you'd have a nice gain and dividend income. Tortoise vs the hare.Tortoise is winning.
Good luck to all. Let's see how Biglari plays his 10% ownership of CBRL now that shareholders have rejected him so soundly. Biglari is not Warren Buffett, not even close.
I am not a Biglari lover.But let me tell you he invented the word DILIGENT.He reminds me off a polar bear stalking his prey On your tail, persistent,waiting for an opening ,The smallest crack.CRBL mat not have heard the last.I think Big likes a good fight