Very complexed reporting because of the bxg merger.. Key issue is the increase in per share earnings,and the recent sale of holdings...if BBX is a buy this one should be it is the majority holder of BBX and BXG and the earnings look great...Need Mr Wizard to understand it. ..Could not locate a Book value like bbX s 10 k but bfcf stole bxg and got internal financing ,so they pay the interest to the L man....Nice jump = AM but it pulled back Maybe the liability of bxg being financed is weakening book potential... ..Bought this AM,,, the 10 k shows all rockets go..T and Panick and others Your takes. ,CO should get attention..Co website had no pumping press releases. go figure
There is a school of though that you buy the holding co - not the subsidiary. BFCF also looks a little cheaper. Sort of a discounted way of buying BBX. Having said that, I've moved on to other stuff. As Iman knows, one of my newsletter picks - GST - had a huge day today and was up 14%. That was a pick at 1.06 in Oct and I stuck with it (and suggested adding more to subscribers) when it sold off to 70 cents in Dec on tax loss selling. Still very undervalued.
I also like stuff like DRL at 12% of adjusted book. Yahoo mail is mrpanick for 2 week trial of my newsletter.
Bxg merger saw a pop for bbx but bfcf flat possibly because of financing and shift of value to bbx..Both ually may go up when earnings come out CUANDO CUANDO Got to love the L man way under press radar with this deal
The news came out after the close so no reaction yet on the other Levan cos. Next wk will tell!
My gosh no one has figured out the true value...Love the L man ..no hyping no info just get the deal done ..old fashion investing
Seems like the street has priced both bbx and bfcf...Hope they take a look at thr numbers when they come out and see the value//regardless like the play T and panick whats your take... The book value is still under the radar.
BFC currently owns approximately 54% of Bluegreen's outstanding Common Stock so the MERGER" will go ahead
We gotta remember... BBX is no longer a bank. From its web site: "The business of BBX Capital includes real estate ownership, direct acquisition and joint venture equity in real estate, specialty finance, and the acquisition of controlling and non controlling investments in operating businesses."
Panick without you pointing out the value of BBX i could not enjoy what i doing today in S FLA.... DRL which i bought you have been right on and your news letter and expert advice educates and provides deep deep analysis.I do mean deep deep digging tidbits. Worth every penny,because the value is there,and even if you miss a few the winners make the subscription the mortal lock in vestment of the decade...IMHO your tremendous.. Thanks...other banks i like are Hampton VA Bank shares and Yakim valley a NC small bank...Lots of action with these fragile banks.Investors comming to play the comeback
Good point but he wants that non banking investment tool..Look for another move after bx g closes ..Glad i saw the Panick analysis got his letter its tremndous Thanks T for your takes they have been right on,may even see a bid for bxg AM ..Its never easy with the L man