In July of 2008, I posted a write-up from my colleague on Fremont Michigan Insuracorp ('A Find in Fremont'). This week, the company has gotten a little more notice as Steak n Shake has taken a 9.9% stake in the company. Another shareholder has also gone public with concerns about the company and its management over the last several months. As a result, Matt decided it was a good time to provide an update on the company, what he guesses might be Mr. Biglari's intentions, and state why he believes the concerns about the company and its management team are not valid.
Link to the update: A Find in Fremont - An Update by Matt Miller