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Steak N Shake's New Direction Is Terrific News for Shareholders

sns' debt instruments dont allow share buy backs

Steak N Shake's New Direction Is Terrific News for Shareholders

debt instruments dont allow share buybacks

Steak 'n Shake: Follow Up Letter to the Board of Directors

Nice letter.
SNS can be fixed. The menu needs to be shortened. There is no need to be open 24 hours. The lighting/signage can be redone. The service can be improved.
The real estate...franchise possibilites...share buyback...

The question: Do the 7 clowns who are from the origiginal BOD want to make this thing work?

Right now the stock says NO!

Something has to give here.

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.