Steak 'n Shake Investments

[ragnarisapirate]

From a previous thread:

 

While I have not gotten far enough to see if it was a result of the credit line being tapped for the investments.

 

Nope, same as at fiscal year-end of $18.5M.  Cheers!

 

 

As has been said, what in the world is he buying? If it is one company, then it is gonna be pretty big, as they have not filed a 13d/g. The credit line is virtually giving them money for free, so, they can tap it, take on a tad bit of debt, use their cash, and buy a nice sized company out right.

 

While not in the vein of an acquisition, I do think that it would be interesting if Biglari could finagle some sort of merger with Clarus, using their NOLs would be pretty adventatious for a shrewd capital allocator.

 

Any guesses on what it could be?

 

[EdWatchesBoxing]

No guess here, but I do want to say that, whatever it is, it will make SNS's book value much higher years from now!

[Ballinvarosig Investors]

From the other thread.

 

http://www.bizjournals.com/sanantonio/stories/2003/03/31/story6.html

All of the Lion Fund's investments are tied up in the equity markets, although Biglari declined to reveal which individual stocks are in the fund's portfolio. He does say the fund is aggressive in investing in the insurance market, however.

 

"Insurance products are pretty much recession proof," he says. "(But) I'm across the board. I have retailing, home furnishing, communications and manufacturing, pretty much old-line economy stocks. In fact, I trade very little."

The only thing we can be certain of is that he has invested in more than one stock.

[OracleofCarolina]

I wonder if he bought some JACK????

[Grenville]

From the other thread.

 

http://www.bizjournals.com/sanantonio/stories/2003/03/31/story6.html

All of the Lion Fund's investments are tied up in the equity markets, although Biglari declined to reveal which individual stocks are in the fund's portfolio. He does say the fund is aggressive in investing in the insurance market, however.

 

"Insurance products are pretty much recession proof," he says. "(But) I'm across the board. I have retailing, home furnishing, communications and manufacturing, pretty much old-line economy stocks. In fact, I trade very little."

The only thing we can be certain of is that he has invested in more than one stock.

 

The linked story is from 2003.