BH has traveled at a discount to it's primary asset.
Each SHAK is like a mini Mt. Sinai hospital....worth TRILLIONS!
Ward can make it up....in volume ? Oh wait....the PRICE of your oil and gas are both down again today.
Ward and Aubrey; class clowns who duped the world.
Berman has been writing off the kitchen sink since the 1990s. What more is there to 'adjust' ?
What we have here is a yardstick.
$2.15 B in debt for Station with annualized revenue of $1,371 B and profit of $498.4.
PE ratio 7.
So the Golden / Lakes 'merger' at projected PE ratio of 7.5 is reasonable.
Biglari Holdings (BH) is one of a few value stocks in this sector.
SHAK is the epicenter of grotesque restaurant bubble.
Your have to be Danny-boy bubble burger patsy all your lives. Try understanding VALUE and market capitalization per store metrics. Get a yardstick!
Except to the insiders that brought this to market. Hi Danny boy!