Biglari Holdings Ordinary Shs Class B C.BH

Primary Symbol: BH Alternate Symbol(s): BH.A

Consumer Cyclical Restaurants

Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance, licensing and media, restaurants, and oil and gas. The Company’s restaurant operations are conducted through two subsidiaries: Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western Sizzlin) for a combined 492 units. Its insurance activities are conducted through two insurance entities, First Guard Insurance Company and its affiliated agency, 1st Guard Corporation (First Guard), and Southern Pioneer Property & Casualty Insurance Company and its affiliated agency, Southern Pioneer Insurance Agency, Inc. (Southern Pioneer). Its insurance businesses provide insurance of property and casualty. The Company's oil and gas operations are conducted through two entities, Abraxas Petroleum Corporation (Abraxas Petroleum) and Southern Oil Company (Southern Oil). Abraxas Petroleum operates oil and natural gas wells.

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Biglari Holdings Ordinary Shs Class B

Bullboard Posts

Post by abezanon May 16, 2006 9:02am

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Post# 10859047

at long last

Financial information ually takes nine months to realize synergies and digest on time, at least the finance team has conquered the "demons" that prevented this accomplishments in the past. sales are impresive, continue to be challenged on the bottom line, expect that there is a fair amount of EBITDA normaliztion going on to meet bank covenants, (quite normal post consolidation of acquisitions...usually takes nine months to see the synergies and digest the costs. Good MDA, need to see real improvement over the next six months to keep me from starting to liquidate, i aM CAUTIOUSLY OPTIMISTIC.

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle