Sardar Biglari Discloses Additional Steak n’ Shake Holding

Through his control of “The Lion Fund” Western Sizzlin’ (WEST) CEO Biglari disclosed that on 3/12 he acquired interest in 2.4 million shares of Steak n’ Shake (SNS)

From the SEC filing:

1. Mr. Biglari, as Chief Executive Officer of Biglari Capital Corp., the General Partner of The Lion Fund, L.P. (“Lion Fund”), may be deemed to beneficially own the securities of the Issuer beneficially owned by the Lion Fund. Mr. Biglari disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
2. Mr. Biglari, as a member of a Section 13(d) group with respect to the securities of the Issuer with Philip L. Cooley, may be deemed to beneficially own an additional 15,300 shares of the Issuer beneficially owned by Mr. Cooley. Mr. Biglari disclaims beneficial ownership of such shares.
3. Mr. Biglari, as Chief Executive Officer of Western Acquisitions L.P. (“Western Acquisitions”), may be deemed to beneficially own the securities of the Issuer beneficially owned by Western Acquisitions. Mr. Biglari disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

So who is Biglari and what is Western Sizzlin’?

George, over at Fat Pitch Financials has done the most extensive work on the Western Sizzlin (WEST) to date. I suggest you read his reasoning for buying it here and here.

Regarding Bilgari and Steak n’ Shake, George addresses that in his most recent post on the subject.

Biglari has done some very interesting things at Western and his action are worth a closer look. I am going to look closer at this in the future.

Disclosure (“none” means no position):None

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