04-21-2020, 03:29 PM
(04-21-2020, 08:47 AM)fenders53 Wrote:I will check that but how does that matters? The point here is that biglari is trading at 1/5th price if the assets they hold. That looks like a deep bargain to me. What am I missing?(04-21-2020, 08:35 AM)NilesMike Wrote:(04-21-2020, 08:11 AM)fenders53 Wrote:(04-20-2020, 05:21 PM)vbin Wrote: I sold few Teva covered calls and more XLE puts.
Anyone owns biglari holdings? They have more CBRL and Tiffany stocks on their books than the current valuation of company itself. Trading at 1/5 times of assets. Looks too cheap.
Pretty sure I read a note a week or so ago that Biglari was upset with CBRL for some reason. Did you see any details? I'll do some looking.
Upset about how CBRL divested from Punch Bowl Social.
Saw that, and he wants a CBRL board seat. Several failed attempts in the past I guess. Worth a read VBIN. News is from about APR 15th.