Parsad Posted August 12, 2009 Share Posted August 12, 2009 For anyone attending the Western Sizzlin AGM in New York tomorrow, make sure you go to the trading floor to see Sardar ring the opening bell at the NYSE, and then after the AGM at the Nasdaq Marketsite, Sardar will be ringing the closing bell at the Nasdaq. Pretty wild! Cheers! http://finance.yahoo.com/news/Western-Sizzlin-Corp-WEST-pz-1467851884.html?x=0&.v=1 Link to comment Share on other sites More sharing options...
link01 Posted August 12, 2009 Share Posted August 12, 2009 both bells? not sure i've seen that before (not that i was really paying much attn). but i'll probably check out the webcast because its sardar. i actually dont see anything about him ringing the opening bell at NYSE. i'll need to rub my eyes & check again... Link to comment Share on other sites More sharing options...
Parsad Posted August 12, 2009 Author Share Posted August 12, 2009 I got it straight from the horse's mouth. He's ringing it tomorrow morning. And then closing with the Nasdaq. I've never seen it before either. Cheers! Link to comment Share on other sites More sharing options...
Redskin212 Posted August 13, 2009 Share Posted August 13, 2009 Sounds like a full day for Sardar! You have to hand it to him he is very effecient, both markets in one day and an annual meeting. Very glad to have Sardat at the helm of WEST and SNS, you really get the impression that everything he does is for the benefit of the owners of the companies. Link to comment Share on other sites More sharing options...
Munger_Disciple Posted August 13, 2009 Share Posted August 13, 2009 I am trying to understand WEST. What do board members think WEST is worth and which is a better bet- SNS or WEST? Thanks in advance for your feedback. Link to comment Share on other sites More sharing options...
Parsad Posted August 13, 2009 Author Share Posted August 13, 2009 At today's prices...SNS. But that shouldn't dictate owning one or the other. - Remember, Sardar can just issue higher-valued WEST shares to make a great acquisition of an undervalued business...effectively giving up less intrinsic value per share than say issuing SNS shares for the same business. - WEST has a certain size advantage. There are plenty of microcaps that are already far too small for SNS, but would make a considerable investment for WEST. - WEST already has a diversified stream of businesses...Western Sizzlin restaurants, Western Sizzlin Real Estate, Mustang Capital, a portfolio of various marketable securities - And if you are worried about control issues, no one is going to wrestle control of WEST away from Sardar. It is still possible that someone could with SNS. I think you are better off owning SNS if liquidity is an issue, you are worried about volatility, or you want to own the better restaurant business. But otherwise WEST could very well prove to be the better investment, depending on what Sardar does with each company, and what opportunities are available to each. Cheers! Link to comment Share on other sites More sharing options...
link01 Posted August 13, 2009 Share Posted August 13, 2009 I got it straight from the horse's mouth. He's ringing it tomorrow morning. And then closing with the Nasdaq. I've never seen it before either. Cheers! ok, yes. here it is: http://www.nyse.com/events/1250071647354.html a webcast will be available, & archived for latter viewing too. thanks, sanjeev! Link to comment Share on other sites More sharing options...
link01 Posted August 13, 2009 Share Posted August 13, 2009 At today's prices...SNS. But that shouldn't dictate owning one or the other. - Remember, Sardar can just issue higher-valued WEST shares to make a great acquisition of an undervalued business...effectively giving up less intrinsic value per share than say issuing SNS shares for the same business. - WEST has a certain size advantage. There are plenty of microcaps that are already far too small for SNS, but would make a considerable investment for WEST. - WEST already has a diversified stream of businesses...Western Sizzlin restaurants, Western Sizzlin Real Estate, Mustang Capital, a portfolio of various marketable securities - And if you are worried about control issues, no one is going to wrestle control of WEST away from Sardar. It is still possible that someone could with SNS. I think you are better off owning SNS if liquidity is an issue, you are worried about volatility, or you want to own the better restaurant business. But otherwise WEST could very well prove to be the better investment, depending on what Sardar does with each company, and what opportunities are available to each. Cheers! wll said. Link to comment Share on other sites More sharing options...
QLEAP Posted August 13, 2009 Share Posted August 13, 2009 doesnt matter now, does it ? :) Link to comment Share on other sites More sharing options...
Parsad Posted August 13, 2009 Author Share Posted August 13, 2009 I'm glad they are doing the merger. They've already got an operations guy at WEST they are happy with. They've got a CFO he's happy with, as I'm pretty sure Sardar likes Robyn...she was on the left of him, while Phil was on the right as they rang the NYSE bell. With SNS humming, Sardar's focus will go back to capital allocation. TLF and WEST investors understand that SNS is the main vehicle, so their interests will remain aligned as the largest shareholders. All is well in the world of Biglari! ;D I love it. I've kind of watched this guy grow as a man, ever since I met him in 2002. I would never have imagined that the young fellow I met then, would be doing the things he is doing now. He's far exceeded any expectations I ever had of him, and constantly surprises me on the upside. His intellect and abilities seem to increase every year, and his determination even more strengthened. Amazing! Cheers! Link to comment Share on other sites More sharing options...
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