Author Topic: BH - Biglari Holdings  (Read 1313896 times)

giofranchi

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Re: BH - Biglari Holdings
« Reply #480 on: April 28, 2014, 08:56:18 AM »
Thank you very much, OracleofCarolina! :)

Gio
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gg

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Re: BH - Biglari Holdings
« Reply #481 on: April 28, 2014, 09:14:10 AM »
OracleofCarolina - was there any indication or hints toward the valuation of First Guard?

ragu

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Re: BH - Biglari Holdings
« Reply #482 on: April 28, 2014, 09:31:17 AM »
Here are my notes from the BH annual meeting April 2014, St Regis NYC

Many, many thanks OracleofCarolina!

Quote from: OracleofCarolina
I have no doubt he is going to make a lot of money, the question is how well will the BH shareholders do.

Anywhere between merely very good to phenomenal. My bet is on the latter.

Best,
Ragu

APG12

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Re: BH - Biglari Holdings
« Reply #483 on: April 28, 2014, 02:04:17 PM »
Here are my notes up to the break. Unfortunately, I had a flight to catch...

Morgan

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Re: BH - Biglari Holdings
« Reply #484 on: April 28, 2014, 08:31:40 PM »
Here are my notes up to the break. Unfortunately, I had a flight to catch...

Thank you!

giofranchi

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Re: BH - Biglari Holdings
« Reply #485 on: April 29, 2014, 12:06:12 AM »
Quote from: OracleofCarolina
I have no doubt he is going to make a lot of money, the question is how well will the BH shareholders do.

Anywhere between merely very good to phenomenal. My bet is on the latter.

Best,
Ragu

As I have always said, ragu doesn’t lack conviction in his ideas! ;)

Gio
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT

giofranchi

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Re: BH - Biglari Holdings
« Reply #486 on: April 29, 2014, 12:07:20 AM »
Here are my notes up to the break. Unfortunately, I had a flight to catch...

Thank you!

+1
Great job! :)

Gio
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT

ragu

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Re: BH - Biglari Holdings
« Reply #487 on: April 29, 2014, 01:46:31 AM »
Here are my notes up to the break. Unfortunately, I had a flight to catch...

Unfortunate for those of us interested in this. Next time, please consider taking a red-eye out:) (the meeting is unlikely to be shorter)

Seriously fantastic notes! 

One question from the section on Maxim: Did you get the sense that there'd be an eventual sale here? Or, does the 100-150 mn number pertain to possible future revenues?

Best,
Ragu

APG12

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Re: BH - Biglari Holdings
« Reply #488 on: April 29, 2014, 05:51:38 AM »
Here are my notes up to the break. Unfortunately, I had a flight to catch...

Unfortunate for those of us interested in this. Next time, please consider taking a red-eye out:) (the meeting is unlikely to be shorter)

Seriously fantastic notes! 

One question from the section on Maxim: Did you get the sense that there'd be an eventual sale here? Or, does the 100-150 mn number pertain to possible future revenues?

Best,
Ragu

Thanks! I will definitely try next time. It didn't sound to me like his end game was a sale. He said BH was already offered more for it than they paid, but they weren't interested in flipping it. The $100-$150mm numbers were really off the cuff. I think his point was only that there is an opportunity to make many multiples of the initial invested capital and that this is a different kind of investment than First Guard.

dcollon

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Re: BH - Biglari Holdings
« Reply #489 on: April 30, 2014, 06:00:51 AM »
Cracker Barrel guides Q3 EPS $1.18-$1.23 vs prior $1.20-$1.30 and FactSet $1.26, raises quarterly dividend
Wednesday, April 30, 2014

In conjunction with the 1-May Analyst and Institutional Investor Meeting, the company also reported today its comparable store sales through 28-Apr-14 for the 13-week Q3 ending 2-May-14. ◦April MTD comparable restaurant sales +2.2% with Q3 QTD (0.7%)

April MTD comparable retail sales +11.5% with Q3 QTD +0.7%

The company believes a continued challenging consumer environment, an increasingly promotional competitive landscape, particularly within the dinner daypart, and an overall reduction in vehicle travel – due both to weather and shortened vacation periods – impacted comparable store traffic, restaurant sales and retail sales during the quarter to date.

The company has raised its quarterly dividend to $1.00 from $0.75, payable on 5-Aug-14 to shareholders of record as of 18-Jul-14.