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Biglari Holdings Inc. Message Board

  • geotherm101 geotherm101 Aug 22, 2014 10:13 AM Flag

    Biglari bought quite a few shares close to $500

    In March Biglari bought over 6000 shares close to $500 per share. Even if you dilute it out with the rights offering that is well over $450 per share. So, is $372 today a bargain and is he buying them up?

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    • Biglaris buying is not meaningful from a predictive standpoint. He is required to buy so much stock as a % of his bonus every year. And he gets a huge bonus every year.

      The directors, on the other hand, don't have any extra incentive so their buys are a little more meaningful but they are, of course, much smaller amounts.

      Any stock that pays a large dividend or has a rights offering like this is subject to some wild fluctuations.

      I don't think it means much in the long run.

      Hopefully, 5 years from now we will be better off than today. We know Biglari will because he gets a $10 million a year bonus.

371.72+1.80(+0.49%)Nov 27 1:01 PMEST