Tue, Jan 27, 2015, 10:38 AM EST - U.S. Markets close in 5 hrs 22 mins

Recent

% | $
Quotes you view appear here for quick access.

BBX Capital Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • streudel1 streudel1 Nov 11, 2011 4:58 PM Flag

    BuBbaX's Sale May Net Levan & BFC Nothing

    Your numbers and assumptions are at the very least inaccurate, if not suspect.

    The transaction calls for NAV of BBX (at time of closing) + a premium with a max cap amount not to exceed $316 million.

    The NAV, obviously can be skewed from now until closing. This could possibly come via further write-downs and/or changes in Deposits amounts. Again, these possible movements could effect upward or downward. Regarding the premium, it looks to be in the range of $5.38 pps.

    The big question then is what is the NAV of BBX at time of closing, after considering all current variables including possible additional write-downs, or increase/decrease in deposits.

    With all that being said, the pps appears to be $20.03 based on $623 mil of NBV from reatined assets + $23 mil of loans, RE & cash, offset by $333 mil in TruPS obligations. This also assumes such NAV applies 15,626,744 outstanding shares.

    Even with minor adjustments to close, this is a a whale of a deal IF the deal is completed! JMHO

 
BBX
14.29+0.11(+0.78%)10:34 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.