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Biglari Holdings Inc. Message Board

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  • smaycs4 smaycs4 Nov 16, 2012 9:48 PM Flag

    Sardar's major capital allocation decisions

    The problem is, for about 2 years now, BH has done nothing but gone DOWN despite a seemingly good investment in CBRL.

    How many millions did he spend on his losing proxy fights ?

    How much better off would we have been if he had kept his CBRL position at 4.9% and bought other things ?

    What will he do with his CBRL stake now ?

    He has said he will "outlast" the CBRL board. Does that mean BH is "stuck" in CBRL for the next 5-10+ years even if it underperforms ?

    Looks like UNAM is paying a $1 per share dividend soon.

    But all that does is reduce his cost basis by $1.

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    • A look at the 2 year chart compared to CBRL & the market averages shows I would have been MUCH better off selling BH back then.

      But, a 5 year chart shows BH has outperformed the averages & CBRL.

      BH shareholders deserve some kind of explanation for the poor recent market performance.

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