Finally Finally even if not listed sec problems stock Is catching on and if blue green is worth double the tender offer and its gains flow to bfcf..even at 7 bucks bfcf is a steal..Gotta love the L man a great move for his Holding co ...getting slot machine revs... he is the Lama.Thanks I WSC and T for numbers and imput like my cards
Sold options bought stock snd tendered all bbx shares since in ira and unrest in mkt...........bought more bfcf soon to own the whole tamale..rough decision but in bbx cheap..gotta love the l man.
WS Chick and T thankyou for your take and agree the self financing is a great luxury to control the TENDER and all the assets of both COs..Looking forward to the street getting the correct evaluations once the enigma is figured out..Gotta love the L man all ways holding bfcf apart from the bbx complications and finally getting the majority of BG and funneling all the once toxic loans into profit that flows to bfcf. L man is th LAMA
A good issue is what will be the range of bfcf going forward once the full reporting value and revs are accounted for. in a simplified reporting or presentation based on good news revs etc......Agree the RE is a hidden golden egg and once BBT is gone that adds to the funnel of dividends to bfcf which after the tender could own above 80% with institution and public purchase....Hope both go up ..takes appreciated..
T maybe a good time to tender with correction..you must feel its close to future book. Take appreciated by you and others g
reminds me of when bfcf and bbx cash bought the majority of Blue green knowing the value was much higher then other timeshares interested...Preemptive strike.and good value for bfcf..
My gosh ty for crunching the numbers.long term50 might be the number but sec and street hsve a impact on vslue right now but bfcf should be at 5/6 with tender happening and them doing it now when better climate and 81 percent total control regardless of sec s nd its punishment...
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