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

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Comment by abezanon Nov 17, 2005 4:52pm

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Post# 9882456

RE: acquiring Revenue

there is a natural churn in the industry of about 10 percent, so to stay even you organically need to grow at 10 plus. Recent research has the industry being the 4th fastest growing componet of GDP, driven by the economics of the knowledge worker. contracts tend to be be multi year ,

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