stockmanmarc

January 31, 2010

Steak n Shake Holdings To Change Name?

Well its been a little under two years that Sardar Biglari took over the stewardship of one of America’s oldest hamburger joints, Steak n Shake ($SNS). Since then he has moved pretty swiftly in shoring up the business and converting it into a holding company. Steak n Shake is no longer just a restaurant but an investment holding company. Currently under their umbrella are Steak n Shake, Western Sizzlin, and an insurance company Fremont Michigan Insuracorp. The latest news is that they plan on changing the parent name from Steak n Shake to “Biglari Holdings” (BH) which will emphasize the holding company. This also is to take away some of the confusion. This will be voted on at the shareholder meeting April 8th 2010.

Author currently long SNS

12:57pm | URL: http://stockmanmarc.tumblr.com/post/363478283/steak-n-shake-holdings-to-change-name

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September 17, 2009

Update On Steak n Shake!

Sardar Biglari, CEO of Steak n Shake continues to whittle down the debt while increasing free cash flows. The stock has made a nice move over the last couple weeks. Biglari has added to his stake by purchasing an additional $4,000,000 dollars worth. Traders may want to give this Value play a look, it is trading near its 12 month high.

Links to recent articles: Biglari & Co. Find Value In Those Famous Steakburgers, Biglari: The Young Buffett, Market Report- In Play SNS

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2:40pm | URL: http://stockmanmarc.tumblr.com/post/190362605/update-on-steak-n-shake

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FILED UNDER: Sardar Biglari sns steaknshake freecashflow

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August 26, 2009

Biglari: The Young Buffett

Interesting read in the Wall Street Journal this morning on Sardar Biglari. For those that are not familiar with this young 31 year old CEO, let me bring you up to date. Biglari runs several investment partnerships or (hedge funds) out of San Antonio Texas. The most notable is The Lion Fund. Biglari is what’s known in the investment community, as a shareholder activist. He buys a large stake in the company and often ends up as a director on the board, pushing for change or turn-around. In the case with Steak n Shake ($SNS) he became CEO. Biglari runs his partnerships much like Warren Buffett’s early years when Warren ran Buffett Partnership between 1956-69. Biglari also runs the old Western Sizzlin Steakhouse ($WEST), and at some later date plans to roll them into one company. According to the most recent shareholder filings, Biglari added to his already large position in Steak n Shake purchasing an additional 107,500 shares. Biglari is a value investor who has studied the readings of Benjamin Graham “Security Analysis” (1934) and “The Intelligent Investor” (1949) as well as the legendary Warren Buffett. Posted via email from stockmanmarc’s posterous | Comment »