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Non-Tech : Biglari Holdings, Inc.
BH 91.42+2.7%4:00 PM EDT

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From: smaycs48/4/2017 5:49:48 PM
1 Recommendation

Recommended By
Jurgis Bekepuris

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Earnings were out for BH.

SSS at SNS for the quarter decreased 3.1% on a traffic decline of 4.3%.

Food cost increased to 30.9% from 29.9%. They have increased the quality & quantity of Bacon & Cheese.

Operating costs jumped 2% to 50.6% from 48.6%.
Maxim continues to bleed although much smaller amounts.
Insurance earnings were down.
Seems to me that he has taken his eye off the ball at SNS and the only apparent changes have been to recently upgrade their bacon & cheese.
Corporate overhead seems to be spiraling out of control reflecting his playboy lifestyle. We cant expect him to pay for those out of his own pocket.
We really could use an activist here.
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