Saturday, January 30, 2010

Steak n Shake Holdings To Change Name?

Well its been a little under two years that Sardar Biglari took over the stewardship of one of America's oldest hamburger joints, Steak n Shake ($SNS). Since then he has moved pretty swiftly in shoring up the business and converting it into a holding company. Steak n Shake is no longer just a restaurant but an investment holding company. Currently under their umbrella are Steak n Shake, Western Sizzlin, and an insurance company Fremont Michigan Insuracorp. The latest news is that they plan on changing the parent name from Steak n Shake to "Biglari Holdings" (BH) which will emphasize the holding company. This also is to take away some of the confusion. This will be voted on at the shareholder meeting April 8th 2010.

Author currently long SNS