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Biglari & Linnartz Part Ways?


Parsad
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Doesn't look like Sardar is getting any better at keeping quality people around him.  According to the 10-Q filing today, BH has sold Mustang Capital subsequent to the 2nd quarter. 

 

I found John Linnartz to also be a very straight-shooter.  He went into that relationship to protect his family's long-term interest in Mustang Capital, and because he had faith in Sardar's leadership and ethics...not unlike myself!  It's a shame when power and money get in the way of doing what's right.  Cheers!

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Sanjeev, do you happen to have your interview with John Linnartz archived somewhere? I stumbled upon the original thread, but the link doesn't seem functional anymore.

 

Here is the interview.  Cheers!

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It's just sad the path that he taking especially when he was building such a following. Myself, I sold SNS/WEST last year after being feedup with his games and double talk.

 

I wanted to ask the board -- you might not want to be a fellow shareholder once he takes over a company, BUT, would you invest in his activist holdings such as:

 

CAW and Penn National?

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Didn't Bigs and Linnartz get into a shouting match over the Denny's activist deal?  Or am I remembering incorrectly?  I also remember Linnartz giving a less than stellar interview about why you should vote for their side on the Denny's proxy.. I think it was Dennys, but I'm having a hard time remembering the details.

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I know there is a relationship between Sardar Biglari and Johnathan Dash of Dash Acquisitions. Dash has generally been in similar investments as Sardar.  Dash Acq. is and was an activist/investor in Denny's.

 

I do not believe Sardar made an investment in Denny's with Dash.  I would love to know the background discussion and conversations if anyone knows it.

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Didn't Bigs and Linnartz get into a shouting match over the Denny's activist deal?  Or am I remembering incorrectly?  I also remember Linnartz giving a less than stellar interview about why you should vote for their side on the Denny's proxy.. I think it was Dennys, but I'm having a hard time remembering the details.

 

Maybe you are recalling an interview with Jonathan Dash of Dash acquisitions: http://classic.cnbc.com/id/15840232?video=1497317094&play=1

 

 

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Didn't Bigs and Linnartz get into a shouting match over the Denny's activist deal?  Or am I remembering incorrectly?  I also remember Linnartz giving a less than stellar interview about why you should vote for their side on the Denny's proxy.. I think it was Dennys, but I'm having a hard time remembering the details.

 

Maybe you are recalling an interview with Jonathan Dash of Dash acquisitions: http://classic.cnbc.com/id/15840232?video=1497317094&play=1

 

 

Is Linnartz one of the individuals on the video?

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Didn't Bigs and Linnartz get into a shouting match over the Denny's activist deal?  Or am I remembering incorrectly?  I also remember Linnartz giving a less than stellar interview about why you should vote for their side on the Denny's proxy.. I think it was Dennys, but I'm having a hard time remembering the details.

 

I think you are confusing a number of things. 

 

- One, it was Jonathan Dash who was seeking a seat on the board of Denny's...the other investors were Oak Street Capital, who have successfully implemented change at Red Robin, after they lost the activist battle at Denny's. 

- Two, I don't believe Sardar, nor Western or Steak'n Shake, had a stake in Denny's. 

- Three, I've never heard of any shouting match between Sardar, Linnartz or Dash.

 

Cheers! 

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Thanks, I think it was Dash, and I didn't mean a literal shouting match, sorry.  I remember Sardar coming out at the most inopportune time and stating he and BH had nothing to do with the Denny proxy fight or Dash.  I think I was confusing them.  Are Dash and Biglari associated in any way?  There was the whole Enhance Denny's committee no?

 

Here is a reference to the 'shouting match' I was referring to:

 

http://www.mysanantonio.com/default/article/Biglari-name-invoked-in-Denny-s-proxy-fight-793095.php

 

Oh here is something else I just found:

http://finance.yahoo.com/news/Dennys-Stays-in-the-tsmp-3988930977.html?x=0

"Jonathan Dash of Dash Acquisitions, a member of the committee, has also been involved in three other restaurant activist campaigns: Friendly's, Western Sizzlin and Steak n Shake, all of which have involved current Steak n Shake CEO Sardar Biglari. Dash has also been on the board of Western Sizzlin and consulted to Steak n Shake in recent years."

 

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