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SNS Annual Report


shalab
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Got it in mail today along with three coupons. First I thought I got the Berkshire annual report, I was wondering how I got it so early but turns out it is the SNS report. The only downside for Sardar if any is that there is another person who owns more SNS than he does.

 

 

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The only downside for Sardar if any is that there is another person who owns more SNS than he does.

 

It's probably only an issue if Gabelli has any specific intentions.  Also, I'm sure most of the shareholders who received their shares from the WEST distribution, are quite beholden to Sardar and happy to see him remain in control, thus would probably vote their shares in his favor.  Most of that original 15% stake Lion Fund, WEST, etc is probably intact as far as support, and they've also bought more through Mustang, Dash, Cooley, etc since.  And that doesn't even include all other shareholders whose shares only have any economic value today, because of the work they've done at Steak'n Shake in the last year and a half.  Looking forward to getting my annual report!  Cheers!   

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I have my doubts that Gabelli (or his people) want to takeover SNS.  Does anyone have any anecdotes of this happening with other companies?

 

At least what I have read about Gabelli in the last couple years (Barron's), I seem to associate more with his style than others.  Perhaps he is just making a decent investment, like all the people on this board with SNS stakes.

 

Just my 2 cents.

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