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iStar Financial Inc. Message Board

goldencowrie 4 posts  |  Last Activity: Jan 26, 2015 10:22 AM Member since: Mar 11, 2003
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  • Reply to

    Lennar

    by goldencowrie Jan 26, 2015 8:57 AM
    goldencowrie goldencowrie Jan 26, 2015 10:22 AM Flag

    It is interesting that the 1 analyst covering the stock (I think it is Mark Palmer of BTIG) just in the last 2 weeks lifted their 2015 estimate (as set out on the Nasdaq website) to be 85 cents a share in gaap earnings. And that estimate would not include anything related to this Lennar claim.

  • Reply to

    Lennar

    by goldencowrie Jan 26, 2015 8:57 AM
    goldencowrie goldencowrie Jan 26, 2015 9:44 AM Flag

    Thx, I found the opinion online at the justia website. Well reasoned and detailed. Lennar doesn't have a prayer. Methinks we will see a big pile of cash this year. That means star will have substantial gaap earnings this year. And each year after that will get better, substantially, I believe. Things are looking up!

  • goldencowrie by goldencowrie Jan 26, 2015 8:57 AM Flag

    Lennar's 10k states they will appeal. The Wikipedia entry for the fourth circuit court of appeals states that the average appeal takes about 7 months. Does anybody know if the judgment calls for interest that compounds and if so the compounding period? Can somebody with access to pacer post the court's opinion regarding the lapse in zoning? So Lennar is actually claiming that their bad faith delay in closing, which allowed the zoning to lapse before closing, is now the basis of a purchase price reduction?

  • goldencowrie by goldencowrie Nov 1, 2014 7:25 AM Flag

    Looks like there is a motion being heard on this case on Monday. Could this be the day that lennar's Obama-chickens done come home to roost?

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