Thu, Jul 31, 2014, 11:06 AM EDT - U.S. Markets close in 4 hrs 54 mins

Recent

% | $
Click the to save as a favorite.

Biglari Holdings Inc. Message Board

  • den56kk den56kk Mar 17, 2014 3:49 PM Flag

    Is Sadar selling something?.....

    SNS?....What accounts for the recent action?.........Would not be the case if they were selling any of the other puny companies in BH..............or maybe there is a big acquisition in the works?...............If that's the case they will need a warehouse for all the debt....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I nailed this just yesterday....1 day ago.....said something was up.....Bubba Sadar got his insurance company........Another DUMB move........

    • Yes,he is selling SNS. He announced his intention a long time ago and he has been delivering.

      Q1 - 2013 Company Owned Steak n Shake = 414; Franchised = 87
      Q1 - 2014 Company Owned Steak n Shake = 418; Franchised = 108

      He's selling SNS restaurants to franchisees. Those unusual expenses that were suppressing earning the last few years, that had some on this board claiming SNS was in the dumper - it's what Gilman said he was going to do in 2005, but never delivered.

      Impact? Lower cost of capital. Very important. Julia Stewart did it with IHOP - look at the value created that allowed her to buy Applebees.

      Sentiment: Buy

 
BH
429.01-2.09(-0.48%)10:56 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.