Biglari Continues To Quack, Wear Duck Costume

By | February 8, 2011
An alleged duck

Image via Wikipedia

If it looks like a duck and quacks like a duck, it might just be Sardar Biglari playing dress up. In his continuing effort to pretend to be Warren Buffett, Biglari Holdings(BH) announced this morning that its Board Of Directors had approved a 1-15 reverse stock split.  This follows a previous 1-20 reverse split, and will be followed up by the previously announced creation of a non-voting Class B stock that will be 1/50th of the newly reverse split A shares.  It shouldn’t be long before Mr. Biglari changes his first name to Warren.

Disclosure: The author owns shares in BH

5 thoughts on “Biglari Continues To Quack, Wear Duck Costume

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