Top 5 Recreation Stocks For 2014: Biglari Holdings Inc (BH)
Biglari Holdings Inc. is a holding company engaged in a range of diverse business activities. The Company, along with its subsidiaries, is engaged in investment management and the franchising/operating of restaurants. The Company's wholly owned subsidiaries include Steak n Shake Operations, Inc. (Steak n Shake), Western Sizzlin Corporation (Western) and Biglari Capital Corp. (Biglari Capital). Biglari Holdings, as a capital allocating vehicle, is also in the business of owning other businesses in whole and in part. In February 2014, Biglari Holdings Inc and Alpha Media Group announced that the wholly owned subsidiary of Biglari Holdings has acquired MAXIM.
On April 30, 2010, the Company completed the acquisition of Biglari Capital Corp. (Biglari Capital). On March 30, 2010, the Company, through its wholly owned subsidiary, Grill Acquisition Corporation, completed the acquisition of Western.
Steak n Shake
The Company is engaged in t he ownership, operation, and franchising of Steak n Shake restaurants. Steak n Shake is a American brand serving burgers and milk shakes. Steak n Shake offers its patrons full-service dining with counter and dining room seating, as well as drive-thru and carry-out service. During the fiscal year ended September 29, 2010 (fiscal 2010), counter and dining room sales represented approximately 60% of the sales mix, while sales for off-premises dining represent approximately 40% of the sales mix.
Western Sizzlin
The Company is engaged in the franchising of restaurants. Western Sizzlin offers full service dining of signature steak dishes, as well as other classic American menu items. Western Sizzlin also operates other concepts, Great American Steak & Buffet, and Wood Grill Buffet consisting of hot and cold food buffet style dining.
Advisors' Opinion:Shares of Cracker Barrel have gained 0.9% to $113.29 and Biglari Holdings (BH), Sandar Biglari’s holding company, has fallen 0.4% to $516.96, on a day when DineEquity has advanced 1% to $85.03, Red Robin Gourmet Burgers (RRGB) has risen 0.5% to $76.64 and Denny’s (DENN) is up 0.7% at $7.45.
Buffett-inspired Biglari Holdings (NYSE: BH ) is not nearly as followed as its model business, Berkshire Hathaway (NYSE: BRK-B ) , but investors in the latter would be wise to keep an eye on the moves of this restaurant-focused holdings company.
As in past years, most of the attention around Cracker Barrel's stock lately has come from the ongoing battle between the company and Biglari Holdings (NYSE: BH ) , which owns roughly 20% of Cracker Barrel's shares. Back in February, the company offered to buy back Biglari's stock in hopes that it could avoid a third consecutive proxy fight to try to get Biglari CEO Sardar Biglari onto the board of directors. But Biglari rejected Cracker Barrel's offer.
source from Top Stocks Blog:http://www.topstocksblog.com/top-5-recreation-stocks-for-2014.html
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