[Meet up around Biglari Holdings Annual Meeting this Thursday?]

Ragu - can you post notes from the meeting for those of us who won't be able to make it but are interested in hearing the latest from Sardar?

[Where are people in this forum from?]

Portland, OR  >  San Antonio, TX (Cooley student)  >  Chicago, IL

[Arrowstreet Capital acquires nearly 14% of Biglari Holdings]

Has anyone heard of Arrowstreet Capital or Bruce Clarke?  They recently reported a 13.8% stake in Biglari Holdings (no previous position) making it the 2nd largest holder of BH behind BH itself.

 

http://sec.gov/Archives/edgar/data/1164508/000116450812000001/q4201113f.txt

 

[New Steak'n Shake Prototype Store]

I can only hope this is the beginning of Steak n Shakes popping up across the country in metropolitan areas.  I can already envision one in downtown Chicago!

[Friendly's preparing for Bankruptcy]

http://online.wsj.com/article/SB10001424052970204138204576601232726499962.html

 

 

[PMIC Penn miller to be acquired]

What was Biglari's cost basis on PMIC?

[Earthquake - 5.9 in Virginia...]

This just in:  S&P downgrades Virginia earthquake to 4.9

[Sardar & Cooley to join CAW's board]

Both were elected to the board yesterday.

 

"At the annual meeting of the shareholders of CCA Industries, Inc. held on August 4, 2011, the following directors were elected by the Common Stock shareholders:

Sardar Biglari, 3,160,862 votes for, 241,409 votes withheld

Dunnan D. Edell, 2,413,839 votes for, 988,432 votes withheld

Philip L. Cooley, 3,139,009 votes for, 263,262 votes withheld "

 

Thoughts?

[Biglari Holdings Takes Nearly 10% Stake in Cracker Barrel!]

Looks like CBRL is proactively dealing with BH's recent activity.  They just elected Coleman Peterson to their board.

 

http://www.businesswire.com/news/home/20110620006776/en/Cracker-Barrel-Country-Store-Elects-Coleman-Peterson

 

[Sardar & Cooley to join CAW's board]

http://www.prnewswire.com/news-releases/cca-industries-inc-announces-the-nomination-of-two-new-directors-and-the-retirement-of-two-directors-122684188.html

 

[Fremont Michigan deal]

Looks like someone named Bradley Louis Radoff just acquired 5.0% of PMIC as well.  Anyone know this guy or his affiliation?

[Sardar Going After CCA Industries]

Have there been any new developments with CAW?  Last I heard Sardar was supposed to meet with CAW management on 2/11.

[Sardar Going After CCA Industries]

Yes - BH is scheduled to release after market close today.

 

CAW appears to be a company that used to generate stable free cash flow but has significantly decreased over the past two years.  I would assume Biglari views this as another turn around opportunity similar to SNS.