Parsad Posted February 4, 2013 Share Posted February 4, 2013 The sole heir to the In & Out restaurant chain will gain 50% control soon. There is talk of her selling, of Buffett's interest in the business, and it seems a plausible scenario where she could escape the limelight and politics of ownership. I think Prem should make a run for it! ;D Cheers! http://www.bloomberg.com/news/2013-02-04/youngest-american-woman-billionaire-found-with-in-n-out.html Link to comment Share on other sites More sharing options...
slkiel Posted February 4, 2013 Share Posted February 4, 2013 I would love to eat In and Out for lunch at the Berkshire meeting! Link to comment Share on other sites More sharing options...
Kraven Posted February 4, 2013 Share Posted February 4, 2013 The sole heir to the In & Out restaurant chain will gain 50% control soon. There is talk of her selling, of Buffett's interest in the business, and it seems a plausible scenario where she could escape the limelight and politics of ownership. I think Prem should make a run for it! ;D Cheers! http://www.bloomberg.com/news/2013-02-04/youngest-american-woman-billionaire-found-with-in-n-out.html I think that if so that would be the purchase that finally pushes Berkshire over the top and cements the legacy. There is nothing like In and Out. That would be their crown jewel. Link to comment Share on other sites More sharing options...
onyx1 Posted February 4, 2013 Share Posted February 4, 2013 The sole heir to the In & Out restaurant chain will gain 50% control soon. There is talk of her selling, of Buffett's interest in the business, and it seems a plausible scenario where she could escape the limelight and politics of ownership. I think Prem should make a run for it! ;D Cheers! http://www.bloomberg.com/news/2013-02-04/youngest-american-woman-billionaire-found-with-in-n-out.html I think that if so that would be the purchase that finally pushes Berkshire over the top and cements the legacy. There is nothing like In and Out. That would be their crown jewel. It would be a great fit indeed, at the right price of course. Good book on the story of building the In-n-Out franchise here: http://www.amazon.com/In-N-Out-Burger-Behind---Counter-Fast-Food/dp/0061346721/ref=sr_1_1?ie=UTF8&qid=1359982247&sr=8-1&keywords=in-and-out+burger Link to comment Share on other sites More sharing options...
giofranchi Posted February 4, 2013 Share Posted February 4, 2013 I think Prem should make a run for it! ;D Cheers! Well, with all the available cash he has at hand, let's hope he really does! :) giofranchi “As time goes on I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.” - John Maynard Keynes Link to comment Share on other sites More sharing options...
Palantir Posted February 4, 2013 Share Posted February 4, 2013 Definitely seems to fit his model. I think Boston Beer Co could also be a good fit, but it is very expensive. Link to comment Share on other sites More sharing options...
ShahKhezri Posted February 4, 2013 Share Posted February 4, 2013 Actually, there were talks about 3 years back that a famous Texas based, privately owned chain was very interested. Would be a great pickup for anybody. Link to comment Share on other sites More sharing options...
motownsf Posted February 4, 2013 Share Posted February 4, 2013 It would fit the profile, but I think it's too small of a company to make a difference. Link to comment Share on other sites More sharing options...
ragnarisapirate Posted February 4, 2013 Share Posted February 4, 2013 I wonder if BH could/would make a bid... it would immediately give the company a foot print for expansions of BOTH brands on each side of the country. IF they could swallow it... That, AND it would be a perfect excuse to issue a whole new class of stock that has no real voting power. Link to comment Share on other sites More sharing options...
Charlie Posted February 4, 2013 Share Posted February 4, 2013 Here Buffett said he would love to own In & Out Burger. :) http://www.rbcpa.com/companies/brk_notes.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 4, 2013 Share Posted February 4, 2013 mmm In n Out. making me hungry on a Monday morning. Link to comment Share on other sites More sharing options...
Palantir Posted February 4, 2013 Share Posted February 4, 2013 Ha, I always thought Trader Joes would also be a great fit. I would love to own that store. Link to comment Share on other sites More sharing options...
Charlie Posted February 4, 2013 Share Posted February 4, 2013 "Ha, I always thought Trader Joes would also be a great fit. I would love to own that store." It´s owned by Aldi. The most successful company in Germany. ;) Link to comment Share on other sites More sharing options...
rogermunibond Posted February 4, 2013 Share Posted February 4, 2013 "Ha, I always thought Trader Joes would also be a great fit. I would love to own that store." It´s owned by Aldi. The most successful company in Germany. ;) Actually the Albrecht brothers split up Aldi many years ago, Aldi Nord and Aldi Sud. Aldi Nord is the group that owns Trader Joes. Aldi Sud owns the Aldi stores in the US. They don't operate closely as far as I know. Link to comment Share on other sites More sharing options...
siddharth18 Posted February 5, 2013 Share Posted February 5, 2013 In-N-Out is probably the most conspicuous example of "Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it." Even before I read Buffett was interested, I saw In-N-Out's business model and was convinced that it, coincidentally, had all the qualities that Buffett had wanted in a business. Link to comment Share on other sites More sharing options...
Matson125 Posted February 5, 2013 Share Posted February 5, 2013 http://money.cnn.com/2010/08/20/news/companies/inside_trader_joes_full_version.fortune/ Link to comment Share on other sites More sharing options...
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