Parsad Posted November 10, 2009 Share Posted November 10, 2009 Gurufocus takes note of Biglari and Steak'n Shake. Also a bit of discussion on Fremont Michigan. Cheers! http://www.gurufocus.com/news.php?id=75205 Link to comment Share on other sites More sharing options...
Guest Bronco Posted November 10, 2009 Share Posted November 10, 2009 I get the Berkshire analogy, but it is still early in the game. I think insurance companies are now the best way to generate float, but SNS only owns 10%. They are a long way from taking advantage of float, as most excess capital will need to be safe and/or liquid. It also seems like this may be a tough company to get 100% (or majority) ownership...we'll see. I bought a tiny bit of SNS and FMMH, but only to put on my radar. I do like companies that allocate capital to the best source...there aren't many. We will also see if SNS if shareholder friendly - a huge benefit of Berkshire that is never really emphasized. Link to comment Share on other sites More sharing options...
Recommended Posts