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Biglari Holdings Inc. Message Board

  • belco_mc belco_mc Sep 7, 2012 6:34 AM Flag

    Will Biglari create class A and class B shares?

    Sardar tried to gain shareholder approval for this a couple years ago. He also commented at the last annual meeting that this idea still holds merit. I gotta believe he'll try again at some point. Anyone have thoughts on the liklihood and impact of this? I agree with him that it makes sense to do but I believe it will be viewed as a negative and will create controversy.

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    • I would wager that he will. Just dont know when.

      Im afraid BH shares are being held down by what the market views as him & us being "stuck" in CBRL for years to come. As well as the $ he and CBRL will spend fighting over it.

      Id like to see them settle on something like him & cooley get the 2 seats, he wont try for another next year and he wont be named chairman for the next 3 years.

      That OUGHT to be acceptable to both parties.

      CBRL is afraid he will get "control" but I dont see that as a really bad thing given what he has done with SNS.

      Might be best for both sides to show a bit more improvement, dress it up & sell it.

      Id love for us to get $80-85 and Biglari get his warchest back.

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