From the moment the first headlines crossed the wire this morning, the story has been “Berkshire Hathaway(BRKB) Buying Heinz(HNZ)” or “Buffett Buying Heinz”. That is not at all the case however. 3G Capital, a Brazilian firm known for its investments in Burger King and InBev, is buying Heinz. It...
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A year ago, we questioned Eastman Kodak’s solvency, and discovered a strange world of what Donald Rumsfeld might have called “dead-enders” who believed in a pot of gold at the end of the Kodachrome rainbow despite all evidence to the contrary. One rallying cry amongst these folks was huge,...
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Bilgari Holdings(BH) Chairman and CEO Sardar Biglari has, on multiple occasions, let us all know that Biglari Holdings is a ‘jockey stock’ and that he is the ‘jockey’. It seems though, that the horse’s owners continue to resist his orders. Biglari first tried to classify the stock in February...
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There is rampant speculation this morning after Berkshire Hathaway(BRKA) announced it had repurchased 9200 class A shares from “the estate of a long-time shareholder”. Many are reporting, irresponsibly, in our opinion, that the stake comes from David Gottesman. This makes no sense to us for two reasons. First, Mr....
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Sardar Biglari has found a fifth person to rubber stamp his decisions. Biglari Holdings(BH)...
If you own a house, it’s very likely you’ve purchased title insurance from Fidelity...
As a Yahoo(YHOO) shareholder, I was thrilled with the news that Marissa Mayer would...
This is not our usual posting style or content. There are no specific actionable...
The New York Times has an incredible story today about the ongoing litigation between...
There is no doubt that the wide moat stands as one of the most...
Sardar Biglari has acquired a reputation as mercurial CEO, engaging in multiple proxy fights...
Eastman Kodak(EKDKQ), in bankruptcy with its shares destined to be worthless, is finally starting...
