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?
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)
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
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?
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
the process continues...the market turbulence does not affect bidders desire to buy these assets...yet the stock price is almost as low as it was before they announced their intention to "look at strategic alternatives"
weakness caused by CIBC downgrade....analyst has no inside knowledge...a further gift ($7.07)
1) Duff resigned from BDE's Board last June.
2) Duff just bought biking apparel company Assos with some co-investors.
3) Duff just became CEO of Assos.
4) Pairing Assos' apparel with POC's equipment would make strategic sense.
Assos has sold a majority stake in the company to an investment group led by former Black Diamond Equipment director Philip N. Duff, who becomes Assos’ new CEO. The investment consortium also includes New York private equity firm TZP Group and Summit Partners co-founder Greg Avis, a current USA Cycling Foundation board member.
Assos was founded in 1976 by Swiss engineer Toni Maier-Moussa, and the investment ends nearly four decades of ownership under the Maier family.
In a statement, Roche Maier-Moussa, son of Assos’ founders, said he will remain with the company and that the investment will help broaden Assos’ reach.
“I will also be a significant owner, and continue in my management role as Createur, leading brand and product development and innovation at Assos, ensuring the Maier family will play a major role at Assos for many years to come,” he stated.
“I have been a customer of Assos since Toni Maier changed athletic apparel with the introduction of the first Lycra cycling shorts in the late 1970s. I have only ridden Assos ever since,” Duff said. “I am delighted to join a team that has built a truly authentic brand — top cyclists building innovative apparel for passionate cyclists. Roche and I plan to bring the principles of ‘Sponsor Yourself’ to an expanding group of avid cyclists around the world.”
Sentiment: Strong Buy
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