this has been the companies problem forever...over promise and under deliver. dont believe the analyst just picked up that story by random. Had to hear it from somewhere or the company gave him that idea
Sure looks that way, any word of a robust auction looks to be a bunch of bunk. Wonder what the Canaccord analyst thinks after wiping the egg off his face?
Gettuppig, if you ignore the one-time litigation settlement, you'll see that BFCF turned in reasonably good results for Q2, due in part to BBX's property sales. Check out my post on the BFCF message board.
Micro Cap Guy (fka Wall St. Chic)
Sentiment: Strong Buy
Check out the post on the BCFC message board last Thursday in reply to another's comments. Check out also the 10-Q filed last Friday; it discloses a 4% ETR projected for the rest of 2015, revealing that BFCF will release the VA at 6/30/2015, but only to the extent BFCF expects to generate profit for the second half of 2015.
Micro Cap Guy (fka Wall St Chic)
What is there to say? I'm letting the divestiture play out….more than likely news will be released with the earnings.
What do you have to contribute julnik?
You are correct in that the Q1 call cited a Q3 resolution...and Q3 ends at the end of September...but credible management teams usually give themselves some cushion, so I interpreted their comment to mean by August end...my bad...(but we will see)
I heard Q3 resolution as well--- per the Q1 CC.
Freeman resigning early June is a key tell; announcement could be anytime.
I believe they cited August end for first announcement (POC will be first IMO). Black Diamond brand will follow shortly thereafter..total will indeed be north of $12