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Biglari Holdings Inc. Message Board

  • crackerbiglari crackerbiglari May 18, 2013 10:10 AM Flag

    Kenny and Denny

    The problem appears to be a combo of the non-liquid nature of the large CBRL investment, Biglari's perceived inability to "harvest" the capital gains without driving down the price, coupled with the abrasive personality of Biglari himself. Many of his actions appear to be self-dealing and opposite of his stated idol, Warren Buffet. Many investors, including two in particular avoid BH stock and are "skeptics" of Biglari's value.

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    • 9 months ago I was reading how Reed Hastings was a worthless CEO and all of his perceived personal deficiencies. 'Opinions' change as the facts proved the opinions unmerited. Biglari most likely just had his best quarter ever. BH generated $20 million in cash and another $70 million in investments. At some point the market will recognize this. Also, I would severely discount the non-liquid nature of the CBRL investment. Did he drive the price up when he bought 20%? If not, why would one assume that he would materially drive the price down when he sells? He already has booked $46 million in deferred income taxes assuming a sale. When he finds the right next target or CBRL gets overvalued, he will sell. I loved Netflix (still do), I sold, got a little rich for my blood.

 
BH
332.75-7.01(-2.06%)Oct 1 4:01 PMEDT

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