shalab Posted March 15, 2011 Share Posted March 15, 2011 I know there are a lot of lurking Biglari fans in this board who have defended his compensation package - anyone buying with this drop? Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 $350 and I'll take a look. Link to comment Share on other sites More sharing options...
ragnarisapirate Posted March 15, 2011 Share Posted March 15, 2011 $350 and I'll take a look. All things equal, it would have to be cheaper than that for me to be interested... get it to 1/2 of what it's trading at, and I would prolly buy a bunch. Link to comment Share on other sites More sharing options...
Myth465 Posted March 15, 2011 Share Posted March 15, 2011 $350 and I'll take a look. All things equal, it would have to be cheaper than that for me to be interested... get it to 1/2 of what it's trading at, and I would prolly buy a bunch. Same here, I mean we have to account for the Management discount it deserves. Link to comment Share on other sites More sharing options...
DCG Posted March 15, 2011 Share Posted March 15, 2011 I've been thinking about shorting it through puts, but will probably sit it out. Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 You won't see this go below $300. At $350 IMO you have a good trade. I would love to buy Berkshire B at $50 but it ain't gonna happen. Link to comment Share on other sites More sharing options...
ragnarisapirate Posted March 15, 2011 Share Posted March 15, 2011 You won't see this go below $300. At $350 IMO you have a good trade. I would love to buy Berkshire B at $50 but it ain't gonna happen. I also thought that when it was SNS that it would never get below $3/share... but it did in late 2008. I am not saying that it will get there, or that is even the discount that Biglari deserves (in my mind, it isn't). It's just that there are other ideas out there that are cheaper than BH @ $300, even $250! Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 ragnar - you're probably right. But I'll certainly take a look at $350 for a rare trade for me. Link to comment Share on other sites More sharing options...
bookie71 Posted March 15, 2011 Share Posted March 15, 2011 Because I don't trust him, I wouldn't buy it if it was $1.00. I would rather sleep at night instead of wondering how he was going to take the last few pennies from the company. just my humble opinion Link to comment Share on other sites More sharing options...
Valuebo Posted March 15, 2011 Share Posted March 15, 2011 You won't see this go below $300. At $350 IMO you have a good trade. I would love to buy Berkshire B at $50 but it ain't gonna happen. Is that supposed to be a serious comparison? :-X Link to comment Share on other sites More sharing options...
OracleofCarolina Posted March 15, 2011 Share Posted March 15, 2011 Speaking of BH, i received their latest circular in the mail today. They are promoting an all new breakfast with "all you can eat pancakes" for $3.99. Link to comment Share on other sites More sharing options...
ragnarisapirate Posted March 15, 2011 Share Posted March 15, 2011 Speaking of BH, i received their latest circular in the mail today. They are promoting an all new breakfast with "all you can eat pancakes" for $3.99. Here is a pic of the circular I got. http://ragnarisapirate.blogspot.com/2011/03/new-promotions-at-steak-n-shake.html Link to comment Share on other sites More sharing options...
Liberty Posted March 16, 2011 Share Posted March 16, 2011 I've never bought BH and don't have plans to buy it because of management. Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 16, 2011 Share Posted March 16, 2011 350 is not a bad price for this stock. We all know management is greedy, but if you can make money off the stock, then take it. Quite frankly, I'm more interested in what people would buy then hear them whine why BH is such a bad idea. With the exception of myth, I didn't hear a lot of ideas. Here is my list of interesting companies, all which I bought today - Fcx, a little google, and glw. Was close to buying exelon but it already bounced. And to one posters point, BH will more likely make you money at 350 then Berkshire at 85. As painful as that is to hear, it is true. And there is no bigger fan of buffett..... I'm getting cranky, especially noticing Vancouver is running away with best record. Link to comment Share on other sites More sharing options...
biaggio Posted March 16, 2011 Share Posted March 16, 2011 ideas I am looking at: FTR-put bid yesterday at$7.50 (10% yield) JNJ FFH L LLY LRE Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 16, 2011 Share Posted March 16, 2011 Biaggio - you're my new best friend. JNJ looks interesting, although patent expirations and plant debacles are always a concern. But consumer products are awesome. FFH - does look more interesting now although I haven't bought. L I own a ton but may be called out. A buy under $40 is always safe with $4b in cash and assets out the wazoo (is that a Canadian word?) LRE - see Myth - resident expert LLY - I'll pass and am ignorant on that one. If I take the Buffett approach - EXC looks good to me. It is a backdoor play on nat gas - if nat gas prices go up, they will raise their rates. Plus, they'll be around for 50 years, unlike many other companies. Link to comment Share on other sites More sharing options...
Myth465 Posted March 16, 2011 Share Posted March 16, 2011 ideas I am looking at: FTR-put bid yesterday at$7.50 (10% yield) JNJ FFH L LLY LRE Seems like High Yield is rallying FTR and ROIC are moving up. FTR has gotten away from me a bit. I bought some ATPG leaps. LOL, dramatically overexposed but its a nice trade on permits. Up 6% so far but will probably get wacked in a few days. LRE - TWA is the man I follow here. I will buy underbook, probably when they buy back. I will likely double my position to 8% - 10%. JNJ - Dead money / too big for me. I will leave them alone, dont understand or care to understand healthcare. FFH - Will buy but they will need to get much cheaper. Under book, after hedges, bonds, and everything else. L - Perhaps. BH - Gets way too much press. This is dead money, the guy cant get anything done. Why bother. The easy money has been made. Link to comment Share on other sites More sharing options...
biaggio Posted March 16, 2011 Share Posted March 16, 2011 Thanks Bronco I could use another friend. FTR + FFH price not cooperating. Trying to be patient and not chase prices, hoping that get a better offer. I was thinking FFH <$340 (probably wont happen?), FTR at $7.50 , L<$40, JNJ ~$50 or less (wishful thinking?) LRE at < BV of $7.83 Nobody recommending healthcare? Great demographics. I think the price of the patent expirations is in the price of the stocks of company like LLY--getting a good dividend yield, earning yield of 15% with risk... Link to comment Share on other sites More sharing options...
riju_easow Posted March 16, 2011 Share Posted March 16, 2011 Also on my list is MKL if goes below 350. Wishfull thinking I guess!!!! Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 16, 2011 Share Posted March 16, 2011 Riju - me too on MKL. I am keeping discipline. I set my alerts for certain price levels, if they hit, I review and may buy. If no alerts, no buys. Loews holding real strong here. I am going to get called out by Saturday on much of my position. Will looking to diversify. I looked at Parsad's doomday scenario. EWJ $5 puts - Jan 2012 expiration - no more than $15 a contract. Probably flushing money down the toilet, but no one is playing this scenario yet. Link to comment Share on other sites More sharing options...
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