SNS
Q3 at Steak n Shake
Ignore the GAAP earnings. Let's take a look at the cash.
Steak N Shake Begins to change in FYQ3 : Circle of Competence
Steak N Shake reported Q3 numbers, their first under Sardar Biglari. A look at the numbers and how SNS might be simply valued.
Biglari Takes on More Responsibility : Circle of Competence
Steak N Shake has a new CEO: Chairman Biglari.
Penny pinchers make great partners
Walking by the JPMorgan headquarters in downtown Manhattan you might be surprised to find Jamie Dimon standing on the side of the road talking to the limo drivers. Rest assured - he’s not asking about the weather.
A Couple of Bargains : Circle of Competence
Taking a look at some bargains I see floating around right now, from mechanical contractors to media.
The Changing Tides at Steak N Shake : Circle of Competence
Taking a look at some news pieces and items of interest related to Steak N Shake, from the past 2 weeks.
Notes from the 2008 Western Sizzlin’ Annual Meeting : Circle of Competence
I attended the 2008 Western Sizzlin' Annual Meeting, and with help from a few other shareholders, put together a set of notes on what took place at the meeting. Enjoy!
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Forthcoming board changes at Steak 'n Shake
Noise Free Investing is expecting some rather significant changes to be announced in the coming months at Steak ‘n Shake.
Fat Pitch Financials Portfolio Mid-Year Update 2008
The mid-year performance report for the Fat Pitch Financials Portfolio. The number remain ugly, but not much worse than the S&P 500.
Editorial: Steak n Shake needs healing
A newspaper editorial that thinks Sardar Biglari can bring Steak n Shake shareholders "a shot at leadership with a common vision for unlocking the brand’s true value."
Buy ‘Em Back at Western Sizzlin’
Western Sizzlin' announced a share buyback authorization today, which is terrific news for shareholders. In this article I explain why that make sense for WEST and all undervalued companies.
Biglari Named Chairman of SNS: Shareholders Rejoice!
On Thursday night, June 19th, Sardar Biglari was named Chairman of Steak N Shake Corp. This rings as terrific news for shareholders of both SNS and Western Sizzlin'.
Dissecting Western Sizzlin’ Corporation : Circle of Competence
I take a look at Western Sizzlin' Corporation, a holding company in the mold of Berkshire Hathaway, and its merits as a long term investment.
Steak n Shake Letter
The following letter was sent to the Board of Directors of the Steak n Shake company.
Arbitrage Opportunity: Western Sizzlin/Steak 'n Shake Pair Trade
And follow-up, here: http://seekingalpha.com/article/77880-western-sizzlin-s-secretive-quarter

