The good new is that another $4.69 M adds to the treasury, and the HQ....twins....can't do anymore damage.
$3 'special dividend' inspired by Biglari Holdings (ticker BH) largest shareholder here
+ $4.40 in regular dividends per year
BH has a market cap of merely $740 M
SHAK has a market cap of $2.89 BILLION
Gee, ya think BH could be a value stock ?
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.