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Biglari Holdings Inc. Message Board

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  • smaycs4 smaycs4 Dec 15, 2011 9:16 PM Flag

    Market Signaling a Sardar win?

    But CBRL was not up today hardly at all.


    BH +4.51%
    CBRL +0.16%.

    That suggests something specific to BH, no ?

    Its good for me, Im very long BH with my last buy just over $300.

    I opted not to buy CBRL although I could & probably should have near $40.

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    • Also, he keeps spending on press releases which he wouldnt need to do if the votes were in the bag.

      This thing will go down to the wire because any of the voters can change their vote at any time.

      So a holder may tell one side they have their vote and later change their vote.

      Only the last vote counts.

      Its hard for me to fathom how "disruptive" he can be with 1 of 11 board seats.

      Are they going to stop taking care of customers because of Sardar in their quarterly board meetings ?

      I think not.

      • 1 Reply to smaycs4
      • In regards to your 1/11 board appointment question: I don't think the current CRBL board has ever had to put up with friction in their board meetings. Clearly, no one has second guessed their ridiculously low hurdle rate for bonuses. People don't like confrontation but it my experiences, constructive confrontation brings out the best.

449.86-5.14(-1.13%)Aug 26 4:02 PMEDT