Biglari Continues To Quack, Wear Duck Costume

Image via Wikipedia

If it looks like a duck and quacks like a duck, it might just be Sardar Biglari playing dress up. In his continuing effort to pretend to be Warren Buffett, Biglari Holdings(BH) announced this morning that its Board Of Directors had approved a 1-15 reverse stock split.  This follows a previous 1-20 reverse split, and will be followed up by the previously announced creation of a non-voting Class B stock that will be 1/50th of the newly reverse split A shares.  It shouldn’t be long before Mr. Biglari changes his first name to Warren.