|Bid||4.4300 x 1000|
|Ask||4.4500 x 800|
|Day's Range||4.4000 - 4.6050|
|52 Week Range||3.8300 - 9.4800|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||16.48|
|Forward Dividend & Yield||0.05 (0.90%)|
|1y Target Est||N/A|
Majority owner BBX Capital was all set to take the timeshare seller private, but the loss of a key distribution deal took a big bite out of the target's value.
Tuesday turned out to be a fairly solid day for one interesting restaurant name, but not so great for a vacation ownership company that has been hammered by a series of recent events. Post-market trading was favorable for Bloomin' Brands Inc. , which includes such brands as Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse & Wine Bar.
BBX Capital Corp. has decided not to proceed with its merger with Bluegreen Vacations Corp., which will remain a public company. The announcement comes as Boca Raton-based timeshare developer Bluegreen (NYSE: BXG) remains in litigation with the parent company of Bass Pro Shops over a marketing agreement.
was sinking Thursday following news that its planned merger -- and its plans to become a private company -- fell apart. , announced Wednesday that it was calling of a previously planned merger which would have taken Bluegreen Vacations private at $16 a share and delisted it from the New York Stock Exchange. In early March, BBX Capital had said it planned to take Bluegreen Vacations private through a type of "short-form" merger allowed under Florida state law.
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ a complex analysis to determine the best stocks to invest in. A particularly […]
We have screened value stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
With a market cap of $42.44 billion, Altaba Inc. (AABA) is trading with a price-earnings ratio of 2.98 and a price-book ratio of 1.20. The share price was stable over the last 12 months and is trading 9.29% below its 52-week high and 36.60% above its 52-week low. Warning! GuruFocus has detected 3 Warning Signs with AABA.
St. Joe (JOE) joins hands with HomeCorp for development of a 217-unit multi-family apartment community in Watersound market, which will help expand its portfolio of income-producing properties.
About 17 months after going public with an IPO, Bluegreen Vacations Corp. will be taken private, the company announced on March 4. Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX) beneficially owns about 90 percent of the common stock of Boca Raton-based timeshare developer Bluegreen (NYSE: BXG). When Bluegreen launched its IPO in November 2017, its shares were priced at $14 each. “While Bluegreen went public in November 2017, the anticipated benefits of becoming a public company were not fully realized and the costs and management time associated with being a public company were significant,” Bluegreen said in a news release.
BBX Capital (BBX) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
We have screened value stocks based on EV/EBITDA ratio that offers a clearer image of a company's valuation and earnings potential.
Many years ago, I'd run across Silverleaf Resorts, a net/net at the time that was ultimately taken private in 2011. It was an ugly business, selling timeshares, then making money on the loans used to finance them, and one that seemed to run into trouble often, especially during economic struggles.
At Insider Monkey, we pore over the filings of more than 700 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In […]
The Altman Cos., one of the largest apartment developers in South Florida, has closed its sale of a 50 percent interest to BBX Capital Real Estate, a division of Fort Lauderdale-based BBX Capital Corp. Founded in 1968 by Joel Altman, the Boca Raton-based Altman Cos. has built and managed over 25,000 apartments in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Altman will remain CEO of the company. BBX (NYSE: BBX) had previously formed joint ventures with the Altman Cos. for apartment projects across Florida, including Altis Bonterra in Hialeah.
St. Joe's (JOE) third-quarter results reflect prudent cost management by the company, partially offset by decline in top line.
The real estate arm of BBX Capital Corp. has agreed to acquire a 50 percent interest in Boca Raton-based apartment developer and manager Altman Cos. for $22.7 million. The deal brings together some of the biggest names in South Florida business, with BBX (NYSE: BBX) Chairman and CEO Alan B. Levan and Vice Chairman John “Jack” Abdo, and Altman Cos. CEO Joel Altman, who has led the company for 50 years. Altman Cos. has built and managed over 25,000 apartments in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Fort Lauderdale-based BBX has previously partnered with Altman on a handful of projects, including Altis Bonterra in Hialeah.
The first major office tower in downtown Fort Lauderdale to rise in a decade has broken ground, along with an apartment building. Fort Lauderdale-based Stiles Corp. and partners Shorestein Properties are building the newly-named Main Las Olas at 201 E. Las Olas Blvd. It will have a 357,000-square-foot office building, 341 apartments and ground-floor restaurants and retail. It is the largest single project in the history of Stiles Corp., which was founded in 1951.
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