Steak n Shake shares sink on report of 1st-Q loss

INDIANAPOLIS Shares of Steak n Shake Co. fell to a seven-year low in trading on Monday following a report made after market Friday that the chain expected to report a loss for its first quarter ended Dec. 19.

 

Steak n Shake's stock fell nearly 18 percent Monday to close at $7.80. Until Monday, Steak n Shake's stock over the past year had traded between $9.41 and $18.10.

 

 

Steak n Shake said Frid

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