The Cracker Barrel situation is far more sinister than you think
According to Dave Bowman of Dave Does History on Bill Mick Live (on Tuesdays at 6-9 AM Eastern on 1240 WMMB-AM in Melbourne, FL although Dave is from the State of Washington), there has been a 9% owner of Cracker Barrel that is trying to get his people on Cracker Barrel's board for several years. This 9% owner of Cracker Barrel also just happens to be the 100% owner of Steak 'n Shake. This has not been reported elsewhere to my knowledge, although you probably heard about a post by this same owner of Steak 'n Shake saying that they would never go back on their history.
https://www.foxbusiness.com/lifestyle...
The owner of Steak n' Shake appears to be sabotaging Cracker Barrel even though he is a 9% owner of Cracker Barrel, perhaps to use the opportunity to put Cracker Barrel out of business by destroying their branding.
https://www.foxbusiness.com/lifestyle...
The owner of Steak n' Shake appears to be sabotaging Cracker Barrel even though he is a 9% owner of Cracker Barrel, perhaps to use the opportunity to put Cracker Barrel out of business by destroying their branding.
They crossed a line so far, I will wait until the current set of coaches and owners DIE from DEI before I watch again. And if that means I never watch another game. So be it!
Haven't regretted that decision for one single second since then.
They disgusted me 30+ years ago when they stopped using instant replay to expose
bad referee calls and make games more about the play than the bad calls.
MLBaseball is gradually exposing how poor umpires are at calling balls and strikes.
Next season batters, catchers and pitchers will be able to challenge such calls.
I expect the umpires union to cry about that 'unfairness'.
They will be replaced by computer pitch analysis very soon thereafter.
But I could not stand watching sports in general. I would rather be doing something.
Football, and I have a client who would take me to various games when he had an extra ticket (Orange Bowl, etc). Once they started kneeling, I just turned off all of the sports (Hockey, I felt was still doing the anthem, and Panthers were honoring Vets at the start of each game).
Finally, the only time I caught a sports clip was "Died Suddenly", lol.
I was raised watching sports with my Dad, but I lost interest as an adult.
Many more things to do than sit watching.
The process. Get enough board control to get your people in. Setup lucrative Stock Price incentives, buy tons of call options. And start the manipulation game.
Sell your inventory to someone (a tertiary company you control), and they manage your inventory for you. Sell your property to another company, same setup, get some "teaser" rent rates, etc. etc. etc.
Now that you have this much lipstick on this pig. BUY your stock and announcer awesome earnings and cash flows. Profit on the calls, and the upside stock incentives. Then start buying the PUTS and Selling your shares...
Because NOW the contracts are reversed. The inventory leasing company will RAISE it's rates, as will the property owner. Now the company is going to have issues... BUT WAIT, they will offer up some BONDS, and pay these excessive fees.
The 9% owner controls 100% of these side-companies. They transfer ~200-300% of the profits out of the parent company, leaving it a hollow shell. They have already profited.
Their puts kick in and protect their downside. The step off the 9% ownership situation after selling a bit for the gains. And then take a small hit, maybe a 10% loss because of the PUT protection.
Then the company, it's name, it's IP, etc. Are sold off.
Meanwhile, they still own the properties.
Wash, Rinse, Repeat.
I believe both CVS and Walgreens are being run through this program.
I am inclined to think, that with that level of stock price decline, resignations of both Chair and COO are more appropriate than apologies.
https://www.foxnews.com/opinion/crack...
On the verge of going broke for trying to please the radical Woke along with dim Dem sheeple, CB learned that striving not to upset "the regular folks of middle America" is a far better good business model.
Blackwater and Vanguard. 'nuff said.
Go to https://www.theqtree.com/2025/08/27/k... and search for TradeBait2
https://open.spotify.com/episode/3jn1...