Author Topic: BH - Biglari Holdings  (Read 1312213 times)

rayfinkle

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Re: BH - Biglari Holdings
« Reply #420 on: January 28, 2014, 11:39:52 PM »
Helpful...thanks!


wescobrk

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Re: BH - Biglari Holdings
« Reply #421 on: January 29, 2014, 09:40:39 AM »
"After 5 years from the date Biglari acquired 10% of CBRL (January 2012), he can buy the company if he can get 2/3 of the remaining shares to vote for it. Inside of 5 years, no 10% owner can consummate any business combination with a TN corporation."

Thanks for the  clarification I thought it was from June 2011 when he filed 13d.

giofranchi

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Re: BH - Biglari Holdings
« Reply #422 on: February 05, 2014, 07:34:38 AM »
I have just bought more BH. :)

Gio
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gg

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Re: BH - Biglari Holdings
« Reply #423 on: February 05, 2014, 08:11:22 AM »
Gio - Curious if you've considered buying some CBRL instead of just increasing the BH position? I'm thinking that CBRL would probably move more if there's a positive development from the special shareholders meeting on April 23, and if it moves down, BH would likely fall too.

giofranchi

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Re: BH - Biglari Holdings
« Reply #424 on: February 05, 2014, 08:21:36 AM »
Gio - Curious if you've considered buying some CBRL instead of just increasing the BH position? I'm thinking that CBRL would probably move more if there's a positive development from the special shareholders meeting on April 23, and if it moves down, BH would likely fall too.

Your reasoning is correct. No doubt about that. But I have no interest in CBRL for the long term. And I buy only things that I want to hold for the long term. Instead, should BH share price keep falling, I will keep buying. :)

Gio
« Last Edit: February 05, 2014, 08:23:26 AM by giofranchi »
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peridotcapital

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Re: BH - Biglari Holdings
« Reply #425 on: February 05, 2014, 01:29:28 PM »
I have just bought more BH. :)

Gio

I too added today at $413. This price makes no sense.

pantheman

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Re: BH - Biglari Holdings
« Reply #426 on: February 28, 2014, 06:11:27 PM »
Biglari Buying Maxim Magazine, Terms Not Disclosed

http://online.wsj.com/article/PR-CO-20140227-916724.html

giofranchi

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Re: BH - Biglari Holdings
« Reply #427 on: March 01, 2014, 02:13:52 AM »
Biglari Buying Maxim Magazine, Terms Not Disclosed

http://online.wsj.com/article/PR-CO-20140227-916724.html

I donít know Maxim, but I donít like magazines in generalÖ letís hope he has paid a very low priceÖ ;)

ragu, any comment?
Thanks,

Gio
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wescobrk

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Re: BH - Biglari Holdings
« Reply #428 on: March 01, 2014, 06:54:55 AM »
It was supposed to have sold for 28 million but that fell through. Zardari stepped in.
Sardar is likely to have paid a similar amount.

Morgan

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Re: BH - Biglari Holdings
« Reply #429 on: March 01, 2014, 08:52:39 PM »
Maxim probably has the highest market share within its niche. I wonder what Sardar has planned for the magazine? Do a major online push? Are there significant revenues, and more importantly, profits online for the magazine?

BH earned $140m GAAP in 2013 and $20-$30m GAAP or so 2010-2012. Lets just say he paid about $30m for the magazine. He also likely (hopefully) paid a small multiple too. So lets say Maxim currently earns $4m/year give or take a million. That seems pretty small in terms of the rest of BH and is also in a dying industry. Getting back to its niche, how likely will it be that he can double the profits from the magazine and in what time frame? Does he know much about the magazine industry? He obviously knows many things I don't. I am very curious to see what he does with this. I hope more information is disclosed.

Anyone have anymore thoughts?