Steak n Shake owns 10% of them and keeps trying to buy them out
Steak n Shake owns 10% of them and keeps trying to buy them out
Aw fuck. Goddamn Pahlavi loyalist PE goons.
That’s certain death.
that’s another reason I think it’s a stunt. They want a conservative win. I don’t think this is driven by sound fundamentals
Cracker Barrel has been rejecting the Trump-supporting owner of Steak N Shake for years. The conservative win would’ve been to drive the stock price down to where he could take over.
I don’t think it was a publicity stunt because they’ve already rolled out menus, packaging, etc. with the new logo. There’s too much investment there for a stunt that could’ve been pulled off with just the announcement.
So the opposite of women's basketball (I swear this reference makes sense in my head)
Saw mention of a big Trumper who wants the woman CEO out. Does CB own its location land like Red Lobster once did? Is that part of the equation?
This reminds me of the Sears debacle when they spun off the property into Sears Holding Company in an attempt to keep cash flow. Just an absolute dumpster fire. To be clear, I know very little about CN and their RE arrangements.
Was that after the libertarian CEO tried the brilliant idea of silo-ing off divisions and having them all compete with each other?
Maybe? Sears Holding stock took off like a rocket and all the smart people* were convinced it was buy of the decade. That was short lived. *dumbasses and repo men
We live near a former Sears AND also Toys R Us. Recall one son saying as we drove by “it’s so sad we lost Toys R Us” Me, barely maintaining control, wanting to scream “TOYS R US was not lost, it was MURDERED”
Pretty much.