wiseguy001

Steak n Shake: Watching and Waiting as Biglari Names Himself CEO

I grow weary of Sardar / goupies propoganda. To Sardar and his munchkin groupies, just SHUT UP and get the business/stock moving. We don't need pontificating, or financial / english lessons, we need RESULTS! My personal opinion is that Sardar has no business running a restaurant. He may be a relatively smart, financial investor (TBD) or simply good at "selling" himself... I think reality is somewhere in the middle. My gut says this guy had a little money from some entreprenurial gigs, started a one man "hedge fund" rolled all into WEST, didn't accomplish much operationally there but did leverage their cash + PR, rolled most if not all his "hedge fund" $ and WEST's money into FRN...went deep into margin so his ass was on the line...and LUCKED OUT on FRN. Had FRN gone bankrupt, we'd no longer be hearing about Sardar as he ans his "hedge fund" would have been wiped out...So, he got lucky on FRN (as most of us have with an investment)... his wallet went to his head and he bet similar/big on SNS. Got in way too high (do you start to question his financial acumen???), company is in need of an operator and he doesn't have one, know of one given all his vast "restaurant experience"????....and if he's so good and has a meaningful track record...where are all the "institubtional groupies" that should be driving up SNS right now betting on Sardar's wizardry??? THere are none as they know Sardar is a self promoting PR guy with a slight gift of financial acumen and writing letters to make him dangerous. But that's it to date.

I don't see SNS going bankrupt but trust me, if it does Sardar and his groupies will go the way of many "one hit wonders" like Quiet Riot.

Time To Start Nibbling at Restaurants?

Alan, You appear to be a nice guy, educated and probably successful but (in hindsight) you have to admit you practically begged to be stoned. Putting out such a broad thesis without very specific, compelling facts was not wise. Ironically, I agree with your view that restaurants/consumer discretionary may be a good place to consider investing given some pretty beaten down names but you should go much deeper on the specific names and the quantitative logic behind them.

You did include a disclaimer but then you also contradicted yourself in your bio and some of your comments. I agree repliers should lighten up but so should posters