If you own a house, it’s very likely you’ve purchased title insurance from Fidelity National Financial(FNF). After all, the company writes more policies than any other. Increasingly though, it’s likely that you’ve eaten at one of the company’s restaurants. Yes, you read that correctly. The company has been steadily acquiring restaurant assets, and will generate over $1.25 billion… Read More »
Image via Wikipedia At the risk of this blog devolving into a single stock focus, we once again write today about the long saga of Biglari Holdings'(BH) pursuit of Fremont Michigan Insuracorp(FMMH). Having run out, apparently, of tips on safe driving to issue press releases about, Fremont’s special committee finally got around to issuing a press release acknowledging… Read More »
The Steak N Shake Company(SNS) filed an 8-k this afternoon disclosing that it has amended its credit agreement to “permit the Company to use up to $10.0 million of surplus cash to make investments of any lawful nature, so long as no event of default exists.” In addition, the Company has granted “Chief Executive Officer, Sardar Biglari, full… Read More »