Draw a chart of BH versus CBRL over the last 2 years.
Notice that BH is lagging the CBRL rise by 67% ?
That gap will close, but it won't be because of Groveland, and it won't be caused by CBRL going down.
Few understand the power of lower gasoline prices for Cracker Barrel.
That doesn't respond to the questions, nor to the $46 BILLION market cap still at risk here.
Swift is now mostly gas anyway, unlike EOG.
I warned people away from this hype years ago when you still had insane $175 per share bids.
This is the kind of rot that should have never been in the public arena. Overpaid hogs at the helm.
Dupeholders down the pooper shoots!
Swift Energy is trading at 1/9 of book value; SFY. Of course the SHAK dupes don't understand balance sheets. LOL
Biglari Holdings also controls over 19% of Cracker Barrel.
SHAK was floated to take advantage of restaurant stock bubble conditions circa LOCO, CMG, and PBPB.
BH is the sector value stock.
What happens to mighty EOG when the hedges wear off ?
Suppose oil and gas prices stay down for years, and periodically go lower ?
Can you spell....book value hair cut ?
You remind me of the twits who sold Berkshire Hathaway A shares in 1979. LOL
CBRL continues to open new stores and muscle to new highs.
It's over folks, the pinnacle of mall life has reached this level of this insanity. "This is the end" by The Doors, seems like an appropriate mission statement now.
19.7% of the shares here are locked up tight inside Biglari Holdings; BH.
If you think CBRL is expensive, try SHAK, LOCO, and PBPB.