OracleofCarolina

http://nrn.com/article/steak-n-shake-franchisees-protest-pricing-policy Thought folks would be interested.

During the first quarter of fiscal year 2011, Mustang Capital Partners I, L.P. and Mustang Capital Partners II, L.P. were liquidated and the funds were distributed to the partners, which are now managed as separate accounts by Mustang Capital Advisors, L.P. The distribution of $15,660, including $1,421 of noncash distributions, is included in the Distributions to noncontrolling interests line in the above reconciliation. Is Mustang Capital no longer part of BH?

If Biglari bought Hooters, I can think of a great new name for BH.....ha..ha

No..you can get the sales charge of 5% waived if you a registered rep...they announced the fund is closing next month

Gteat for shareholders unless they are able to stall long enough that Biglari withdraws his offer

http://www.ivafunds.com/sites/default/files/downloads/REPRINT-w@w_1222_LI_IVA-disc.pdf Love these guys..I sleep very well at night by investing a third of my funds with them.

http://sec.gov/Archives/edgar/data/1106838/000114420411001019/v207394_s1.htm Rights offering by Chanticleer

Bh ups the bid to $31 http://finance.yahoo.com/news/Biglari-Holdings-Raises-Offer-prnews-1370531044.html?x=0&.v=1

What if the board rejects the $29 cash offer with some lame excuse. What options do the shareholders have? It will very difficult to get a 2/3 vote to replace any board members.

http://www.nytimes.com/2010/12/22/technology/22trading.html?hpw Story in NYT on new wave of computer trading. I find it very ironic that people from Columbia University are part of this.

Frank Kavanaugh has virtually sold all his FMMH shares, he just holds 5300 shares now.

http://bit.ly/fhNxek

Major US Bank is next target of Wikileaks Just my hunch but I'm guessing Citigroup Unedited transcript of @Forbes interview w/ Julian Assange, in which he reveals his next target: a major U.S. bank. http://bit.ly/eIQqIH

Sheesh...when will the Fremont board make a decision?

Thanks for the update, I feel Sellers is a good guy and unfortunately running a concentrated hedge fund when clients want to pull their money equals disaster. What's up with naming one of his bars Pyramid Scheme?

Not sure how this will affect Chanticleer's note Private equity firm Wellspring Capital Partners is in talks to buy Hooter's of America Inc., franchiser of more than 400 beer, boobs and wings establishments throughout the world. Fortune has learned that the process began nearly a year ago, with North Point Advisors representing the Atlanta-based company. No info yet on financial terms, although the company is believed to generate around $1 billion in annual revenue. "It's a very tricky deal," says a private equity investor whose firm took at least an initial look. "I'm not saying it can't be done, just that it isn't cut-and-dry." One of the complications is that Hooter's of America doesn't actually oversee all current Hooter's locations. A small handful of stores -- including one in Manhattan -- are owned by a Clearwater, Fla.-based company called Hooter's Inc. Same goes for the eponymous hotel and casino in Las Vegas. Another is that the selling party would be a disputed estate, rather than an individual or other financial sponsor. Hooter's of America was formed in 1984 when a man named Robert Brooks bought franchising rights from the Clearwater, Fla.-based founders, and quickly expanded it into a global casual dining empire. As he told Fortune back in 2003, "Good food, cold beer and pretty girls never go out of style." But Brooks died in 2006, soon after which began a battle over his estate. On one side was Brooks' wife Tami, who wanted one-third of the estate and argued that she has been denied information and monthly payments. On the other was Brooks' son from a previous marriage, Coby, who serves as both estate administrator and Hooter's CEO (you might have seen him earlier this year on Undercover Boss). As part of their settlement earlier this year, the two sides agreed to solicit bids for Hooter's of America. It is unclear if Wellspring would keep Brooks in charge, or bring in its own management. Wellspring declined comment, while Hooter's did not return our calls.

I hope we hear from FMMH's board this week

Earnings out this morning...OUCH.

They should buy PMIC

Anyone else but me buying at 27? I'll squeeze some money out of this..

http://finance.yahoo.com/news/Biglari-Holdings-Proposes-To-prnews-664688558.html?x=0&.v=1

I see BH proposing to buy the rest if Fremont at $29

The transcript of the call is posted on seeking alpha, there are other interesting tidbits covered in the call

Ok..this plan seems reasonable and I agree with Sanjeev about adding some board members. I'll vote a yes on my token shares and maybe add in the future.

Great piece in Vanity Fair, can someone post the link.