As you analyze the case, consider the following questions. Assume the role of an analyst: what stands out to you about Cracker Barrel's business model? What is your assessment of Cracker Barrel's performance over time? Do you agree with Biglari's critique of the company's performance? Which aspect of his argument resonate the most with you? Do you agree with Biglari's choice of peer companies? If not, what peer group would you choose and why? How does Cracker Barrel's performance compare to your peer group? Imagine the new CEO hires you as her advisor. What suggestions would you have to improve the performance of the company? How would you have voted on Biglari's election - for him or against him?
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