November 2009
2 posts
1 tag
Steak n Shake Transforming Into Mini Berkshire...
Sardar Biglari acting CEO of Steak n Shake has wasted no time in turning the company into a holding company much like Warren Buffett did with Berkshire Hathaway. Biglari is using Steak n Shakes $SNS free cash flow to buy a 9.9% steak in Fremont Michigan Insuracorp $FMMH. Fremont Michigan InsuraCorp, Inc. is a holding company owning all of the outstanding shares of Fremont Insurance Company....
The Great Iron Horse BNSF New Engineer: Warren...
Buffett gave us subtle hints almost 3 years ago when he stated he wanted to “bag an elephant”, who new the elephant was a “Iron Horse” (a pseudonym for steam engine). Buffett has said in the past he was looking for a large deal, something that would move the needle- the needle being Berkshires enormous stock portfolio. Well Warren Buffett just bought Burlington Northern...