jsr

Shareholder Letter to the Steak ‘n Shake Board of Directors

Your letter basically sums up the current situation at SNS. The BOD is so out of touch with reality that it is no longer funny. SNS needs to streamline its menu, do away with 24 hour service, push a franchising system and monetize its real estate. This stock should be trading around $15 with $20-30 very viable.