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Sardar Increases SNS' Flexibility


Parsad
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Steak'n Shake has converted to the holding company structure and replaced their old credit agreement with a new one.

 

http://www.sec.gov/Archives/edgar/data/93859/000009385909000057/form8k92909.htm

 

With the new agreement belonging to the restaurant subsidiary, the holding company no longer has any restrictions on its investing abilities.  Cheers!

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Holding company is "The Steak n Shake Company".  That's a good name...kind of like "The Coca-cola Company". 

 

I'm guessing you mean the subs - "Steak n Shake Operations", "Steak n Shake Enterprises" & "Steak n Shake, LLC".  I suppose the first is the restaurant business and franchises, the second is acquired businesses (WEST), and the third is real estate and other endeavours.  Cheers! 

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How about "The Steak Company", there must be a joke somewhere about Bovine University...

 

Holding company is "The Steak n Shake Company".  That's a good name...kind of like "The Coca-cola Company". 

 

I'm guessing you mean the subs - "Steak n Shake Operations", "Steak n Shake Enterprises" & "Steak n Shake, LLC".  I suppose the first is the restaurant business and franchises, the second is acquired businesses (WEST), and the third is real estate and other endeavours.  Cheers! 

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I like "The Steak'n Shake Company."  It's nostalgic, and representative of where the company came from and where it is going.  You don't want to dilute the brand, as it is what Sardar is going to be building from here on out.  Cheers! 

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How about "Western Holding Corporation"?  With ticket symbol WEST?  I think that would be a cool name for a Berkshire-like entity if that's where he's going with this.

 

Actually, I hope that it remains Steak n Shake for a while so that it stays off the radar of people who haven't done any due diligence into the company.  ;D

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He was off the radar when he took over WEST, and got onto the value investor's radar when he went after Steak'n Shake, but I'm pretty sure that there is a considerable amount of interest now in Sardar.  I would be very surprised if he isn't running a billion dollar business in five years and alot of people will know his name in ten.  Cheers!

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