BGB Reiterates Buy on Biglari Holdings

BGB is out with its report today on Biglari Holdings

, reiterating Buy. In its report, BGB writes, "Trading at an enterprise value below 5x estimated FY11 EBITDA, we believe that now is a particularly attractive time to purchase BH shares, especially for patient investors whose investment time frames are more compatible with the objective of BH management to grow the company's per-share intrinsic value over the long term." At the time of posting, shares of BH were trading at $344.01, up 1.06% from Friday's close.