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BH - Biglari Holdings' Upside Potential Is Locked Behind Sardar Biglari Himself
Biglari Holdings Inc. Class B
Biglari Holdings (BH) is, at its core, a story about a deeply undervalued equity that seems to be mispriced because of its CEO, Mr. Biglari. You see, Sardar Biglari appears to have a particularly negative reputation with his investors due to his past actions. After all, seeing a CEO and majority owner of a company profit nicely while his shareholders are getting wiped out raises many red flags. In my view, qualitative factors like unreliable management are a deal-breaker. Thus, I think investors should pass up on BH regardless of how cheap its