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 Feb 09, 2005 9:37am

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Post# 8560317

i beleive that they

will be off the gmp year one target by about a millon give or take they should produce 4 million or so of ebitda, less then promised but they have produced far ahead of most small caps, the structure has a number of benefits , for the main part it is minimally dilutive, it commits management to performance, and it sheilds the parents balance sheet . it also gives flexibilty in negotiating purchase price by giving a lot of flexibilty in VTB in terms of partnership units.2

Bullboard Posts

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