Biglari Holdings' Carry Commitments Outweigh NAV Discount
2025-05-04 11:35:07 ET
Summary
- Most of Biglari Holdings' assets are held in a fund on which another entity, also controlled by the CEO of BH, can levy carried interest.
- While there is a NAV discount, imagining the carry obligation at a liquidation of the fund accounts for the NAV discount.
- There are plenty of other holding companies out there that trade at a more legitimate NAV discount and have some of the same businesses.
Read the full article on Seeking Alpha
For further details see:
Biglari Holdings' Carry Commitments Outweigh NAV DiscountNASDAQ: BH
BH Trading
-3.67% G/L:
$300.79 Last:
104,909 Volume:
$308.98 Open:



