Great post and payoff noted.... and still once toxic holdings also may prove profitable ..BBX knows and serviced all the bbt far partner loans and their own loans they had to hold..L man is churning and with stong legal team is not writing them off..and with Fla hot mkt some are current again refinanced or sold for recovery value.The prime reality eg PGA holdings are like the old lottery tulip phase...Also Chocolate has a future think of the depression era.....or just a 5 holiday gold mine...The canadian door deal also should benefit like home depot etc..Love my cards.t .
Both linked at Birth but only one Lama...... the L man.... Thanks T might justwatch/ buy the stock and see the action for 20 days.to get a value going forward to June.
T or others would it be better to sell BBX june options bought at 14.50 pocket the gain... o exercise tor buy the stock outright at around option price and tender or why not just keep the.. bbx shares for a futher pop..only talking 5 contracts but glad of it
Thankyou T and WS ( one smart) Chick for all the valuable information on valuation and tax credits..Have been in this along with T since bfcf was 35 cents and the primary hppears to be betting on bfcf as the controlling survivor... ..IMHO theolding CO for all the ventures. What will be the final consolidation is a enigma but L man a money funnels into bfcf and it was a life boat for bbx if not saved by bbt...gotta love the l man and when things get complicated he buys the co he wants like bluegreen for total control and now is cleaning up the total deal with the tender....My figure for bfcf was at least 1/2 book of bbx.. about 9/10.Might take a while and a litlle legal and sec luck but dont count out the L man in clearing up the crash issues that nailed everybody......Like the future but would like to see a listing along with fund and investor interest...These tax credit and carryovers will be a big help and the once toxic asset's become even more valuable ...Cheers to longs and the L man team.....im sure he follows us closely....and will send him a fruit basket with Hoffmans regardless when he has his joy to the world day
Thanks #$%$ a updated one and now with tender offer on table the valuation gap should narrow??the if not close number ....r could be a double from here$3\5 for free assets or non toxic assets now valuable. Plus the side show ventures windows candy housing all hot in so fla MKT. Tourist in droves and some wiil relocate...beat season ever and housing inventory down..tulip economey..t whats yourvaluation your a great source and info appreciated.. Cheer's
With 80% of bbx soon to be under control and dividends flowing to bfcf along with small float it seems that book value should be at least 5\6 dollars..even with financing bad loans etc...how can accounting not recognize the control of quasi assets in other ventures. The value was noted in a seeking alpha article that highlighted the potential value..takes appreciated. Cheers
wow great TaX breaks filing simlificationand potential to put the value in one nut shell to investors..plus l manicures control for sale or growth..gotta love the l man and his pipeline of cash to bfcf some tax free nice ty t
Recall that move,l man might with 80% might just lay low appeal the sec mess and control through alter ego and eventually dismiss the ban for life ruling ifits that severe,this is a preemptive strike like a activist insuring the future of BBC to maximize its holdings...I like the move eventually its a quasi merger and a premium for those holding BBC..reality he does not want a activist to get 12% of shares to dictate a sale or breakup..gotta love the l man. Note the 20 day offer makes sure the appeal of the penalty phase does not ruin this move..the judge wiinot be friendly based on his early ruling of false disclosure an the 40 % premium slould get a bunch of shares....cheers
Great point but doable with the MKT plus write off etc.bfcf funnel for the L man....Cheers
watch what happens when the sale sign goes up...... hidden tax credits /brand name// and making money with strong balance sheet.... price is premium from news here. ..Hold until relieved.
Notice both bfcf and bbx on downtrend...so 20$ is a nice value ..gotta love the L man.....T has it at a 30 $ stock ill take any gain.....at cost basis..Hold until relieved...watch the toxix holdings grow along with the bluegreen cash cow...Like the future.in SO Fla
john/ comp//// agree follow the money and tax credits its bfcf. ill take the play either way bfcf is consolidating ..L man wants control...probably will be higher tender offer but lots of players like the 20$ so L man gains more shares and if bluegreen worth more its a win win pay up now or latter hes at book value nice premium St patty TY
Hears a take..... seller will sell if in cheap if it worth 20 + you know its worth 30 or so .......seen this play before...The play is bfcf long term follow the money and intentions BFCF wants to merge with bbx why... L man has control..etc........ follow the money...Not sure of reasoning but found a heads up penny today thank you St Patrick.........Takes appreciated....
Wall and T I own a ton of bfcf appreciate a tender offer possible price.regardless positive jump for me..just sold some bbx options way above mkt kept some jJune calls
Wow nice evaluation by trillio lots of positives no comparison to 1 year ago with all the far and real property judgements bluegreen is on fire and held assets gaining value in this market cheers longs and old timers
Agree CG yet the SEC is slow but good and the judge ruled not in his favor by a early summary judgement that made this a uphill fight... L man wants to maintain his standing in the community his control,, thus its a gunfight at high noon...Odds against.... but grit wins.... appeal in works im sure regardless... .GOTTA LOVE THE L MAN...... but when its you against the world hedge your bets and bet the world.. Cheers and best of luck for all still in the game..T like your numbers and BUY your rulings info appreciated.
Thanks buy..my take is that since he tried it they might send a message....
next case up take a deal..penalty will reflect. How good his team is..ban is a bad outcome...news at 11 hope its a reduced fine...