Since the end of 2008 the shares of BH have more than quadrupled, with remarkable revenue growth and an enviable Ebitda-EPS margin. When it reports on Monday analysts will be expecting a consensus estimated EPS growth (year-over-year) of over 17%. Sales growth and revenue are anticipated to also rise, by an undisclosed amount. Again, I encourage you to read Big Larry's 2012 letter to shareholders. Mr. Biglari spells out the details of the holdings of BH, how much income and revenue each one is expected to bring in, and his entire investment philosophy. It is no wonder that many have compared BH to Warren Buffett's Berkshire Hathaway ( BRK.B). Not only is BH a diversified holding company like Berkshire with easy-to-understand businesses in niche sectors, but Big Larry, as reflected in his letter to his shareholders (see below) reminds one of Buffett.
Big Larry, the chairman of the board, wrote the following on Dec. 7, 2012: "My entrepreneurial odyssey of business creation ab initio has rested on a basic principle: to generate cash and then to parlay that cash into more cash-producing businesses. Our ideas may be in accord with those of a different era