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Biglari Holdings Inc. announced its results for the second quarter of 2020. The company advises shareholders to carefully study their 10-Q for a full understanding of the results.
Earnings are affected by investment carrying value.
Quarterly or annual investment fluctuations are not considered meaningful.
Operating businesses should be analyzed before investment gains.
The company owns subsidiaries in insurance, media, restaurants, and oil and gas.
This news release contains forward-looking statements based on current expectations and subject to risks and uncertainties.