Jump to content

OracleofCarolina

Member
 View Profile  See their activity

  • Posts

    808

  • Joined

  • Last visited

 Content Type 

Posts posted by OracleofCarolina

    City to live in

    in General Discussion

    Posted

    I second Charlotte..many banking and finance jobs..mostly mild weather..cost of living not bad

     

    I used to live there, now in Washington state..Bellevue, Washington is really nice but cost of living somewhat higher

     

    Biglari Holdings

    in General Discussion

    Posted

    Would this have anything to do with the rights offering?

     

    Sardar mentioned at the annual meeting that the SEC was asking for changes before they would approve the rights offering. Sardar wanted the rights offering done ASAP but the SEC was delaying.

    Bloomberg Terminal Privacy Breach

    in General Discussion

    Posted

    The Bloomberg terminal spying scandal has reached new heights, CNBC reports.

    A former Bloomberg employee told CNBC that he accessed information on the terminals of Federal Reserve chairman Ben Bernanke and former Treasury Secretary Tim Geithner. The employee didn't say specifically what he was looking at, but that it concerned usage of specific functions.

    Bigliari annual meeting notes

    in General Discussion

    Posted

    10. They will spend 15k-20k per store for cameras to help manage from headquarters

     

    Thought this point was odd.  Does he not trust his managers or is he going to nick pick how many fries are on a plate?  Then again it might just be for potential lawsuits claiming they slipped on the floor.

     

    Sardar said it would also cost about $2000 monthly for internet bandwith..they want to watch the kitchen and give advice to stores to make them more efficient...

    Bigliari annual meeting notes

    in General Discussion

    Posted

    I attended some of the annual meeting in NYC as I was there visiting a friend. I missed the beginning and left early . Anyway, Biglari wants to make alot of money and he reminded the folks there of this many times. He rattled off lots of numbers from memory including chapter and page numbers of Security Analysis. Here are a couple of things I wrote down

    1. They are not inclined to refranchise SNS stores

    2. Not interested in stock buybacks at this time,BH is in embryonic stage, too many other ideas at this point

    3. ITEX and CCA are the two negative stocks out of 9 13-d's , CCA has been an expensive education but no intention to sale

    4. Lion Fund , 100 million AUM, 75% is BH shares, has a 5% hurdle rate , Lion Fund has a better tax structure than BH and they are not going to close down, there could be regulatory issues if they did not have Lion Fund

    5. Sardar is sick and tired of people whining about Obamacare, they will manage around, actually lowering prices May 1st

    6. In-n-Out is kicking their butt in Dallas

    7. SNS is opening a unit in Dubai mall

    8. In it for the long haul with Cracker Barrel, rope a dope strategy

    9. Cooley says they bid on several well known brands but did not win, would not disclose names

    9. Sardar guarantees they will own an insurance company within 2 years, has passed on 25 deals

    10. They will spend 15k-20k per store for cameras to help manage from headquarters

     

    Oh yeah, they are out to MAKE MONEY!

     

    Cheers,

     

    Jason

     

     

    Buffett letter?

    in Berkshire Hathaway

    Posted

    I thoroughly enjoyed reading is as always.

     

    I did not know that both Ted and Todd Combs are great runners.

    Ted has done marathon in 3.01 hrs.That is a really good time.

     

    Not bad..almost as good as Paul Ryan..lol

×
×
  • Create New...