Author Topic: BH - Biglari Holdings  (Read 1159491 times)

MYDemaray

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Re: BH - Biglari Holdings
« Reply #20 on: October 09, 2012, 12:37:23 PM »
Biglari (BH) calls into question one aspect of Bradfordís credentials.

Trying to be Dan Loeb...which he's not


OracleofCarolina

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Re: BH - Biglari Holdings
« Reply #21 on: October 09, 2012, 04:10:36 PM »
http://finance.yahoo.com/news/biglari-holdings-responds-cracker-barrels-225800934.html

You guys are going to love Biglari's response....ah man, this guy cracks me up!

ragnarisapirate

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Re: BH - Biglari Holdings
« Reply #22 on: October 09, 2012, 04:23:56 PM »
http://finance.yahoo.com/news/biglari-holdings-responds-cracker-barrels-225800934.html

You guys are going to love Biglari's response....ah man, this guy cracks me up!

But he raises good points. I mean, owning over 17% of a company's stock is a pretty good reason to get a board seat....

matts

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Re: BH - Biglari Holdings
« Reply #23 on: October 09, 2012, 04:30:30 PM »
I can't believe my first post on the board will be about this, but...

What a character. He might have some good points but that is no way to speak or conduct yourself in a professional manner while addressing a board of directors. Can you imagine Buffett ever speaking like this? I wouldn't invest with this guy no matter how much money makes. However, I am considering front-running his ridiculous attempts at gaining control of companies in the future. His ego is getting the best of him. Anyone know if he buys his stakes all in 1 shot or does he continue buying after the initial disclosure?
 

Parsad

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Re: BH - Biglari Holdings
« Reply #24 on: October 09, 2012, 04:33:48 PM »
http://finance.yahoo.com/news/biglari-holdings-responds-cracker-barrels-225800934.html

You guys are going to love Biglari's response....ah man, this guy cracks me up!

But he raises good points. I mean, owning over 17% of a company's stock is a pretty good reason to get a board seat....

Yes, I would have to agree.  He does douchy things, but he's correct here.  They should have corrected the credentials, and he should get a board seat.  But the problem is...you give him one seat, and that's it...he's going to eventually whittle away the board and take over the company.  It'll be called "Cracker Biglari" shortly thereafter.   ;D  Cheers!
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OracleofCarolina

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Re: BH - Biglari Holdings
« Reply #25 on: October 09, 2012, 05:01:55 PM »
Sanjeev,

You're absolutely right..maybe we should buy the domain
www.crackerbiglari.com....lol

slkiel

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Re: BH - Biglari Holdings
« Reply #26 on: October 09, 2012, 06:00:32 PM »
I thought the letter was pretty standard fare for an activist. Nothing unusual. We shouldnt hold him to a Buffett standard. He's done a very good job as an activist so far. Yeah, he rubs people the wrong way, but I don't think he deserves criticism for this one.

MYDemaray

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Re: BH - Biglari Holdings
« Reply #27 on: October 09, 2012, 06:04:24 PM »

I can't believe my first post on the board will be about this, but...


haha -- welcome aboard

giofranchi

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Re: BH - Biglari Holdings
« Reply #28 on: October 10, 2012, 03:28:56 AM »
I donít understand why you all are so hard and negative on Mr. Sardar Biglari. Personally, I think he is a very shrewd businessman. He has structured BH exactly the way I have structured my firm, sometimes I marvel because what he says and writes about BH applies so well to the way I also try to manage my firm! There is a difference, though: despite being just a little older than me, he has already amassed a lot of resources, was able to get control of a business much bigger and much more profitable than mine (fast food vs. civil engineering), and is able to acquire stakes in public companies large enough to make him the controlling shareholder! And good for him! Given the current environment, I like control value investing very much. If I could, I would do it too! It helps mitigate market risk very effectively. Ok, while trying to get control of something, you certainly may run the risk of looking unfriendly or not being very funnyÖ But thatís simply how it works: have you ever thought that Mr. Carl Ichan is a friendly person?! I donít think so. But is he a great investor? Of course! Mr. Sardar Biglari has already proven himself, is still very young, and I wish him to go on compounding capital at satisfying rates of return for a very long time.

giofranchi
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ragnarisapirate

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Re: BH - Biglari Holdings
« Reply #29 on: October 10, 2012, 07:37:44 AM »
I donít understand why you all are so hard and negative on Mr. Sardar Biglari. Personally, I think he is a very shrewd businessman. He has structured BH exactly the way I have structured my firm, sometimes I marvel because what he says and writes about BH applies so well to the way I also try to manage my firm! There is a difference, though: despite being just a little older than me, he has already amassed a lot of resources, was able to get control of a business much bigger and much more profitable than mine (fast food vs. civil engineering), and is able to acquire stakes in public companies large enough to make him the controlling shareholder! And good for him! Given the current environment, I like control value investing very much. If I could, I would do it too! It helps mitigate market risk very effectively. Ok, while trying to get control of something, you certainly may run the risk of looking unfriendly or not being very funnyÖ But thatís simply how it works: have you ever thought that Mr. Carl Ichan is a friendly person?! I donít think so. But is he a great investor? Of course! Mr. Sardar Biglari has already proven himself, is still very young, and I wish him to go on compounding capital at satisfying rates of return for a very long time.

giofranchi

I think that the people that have issues with him, either didn't see or felt that they were misled about what would eventually happen with SNS. Then there was the whole name change thing... Personally, I see both sides of it, but tend to think about as you have outlined in regard to the whole matter.

My only gripe was that I thought he would be willing to work for close to free profit or not (he about was working for free for a while), which is why I sold my shares after the pay package went through. After that, my shares felt pretty close to fully valued, so I sold them and moved on to what I thoguth were greener pastures. Nothing personal though.