BFC Financial/BBX Capital Part One - Value in Complexity
alluvial.substack.com
Today's post is the second in a series I'm informally titling "stocks that caused me grief in 2014." The first in the series was Awilco Drilling. This post concerns BFC Financial and BBX Capital, two related companies that possess valuable assets worth multiples of their current stock prices. Not that you'd know it by the market's assessment. As I type, BFC Financial is down 5% in 2014, but more tellingly down 36% from its 52 week high. BBX Capital is a similar sad story, down 22% in 2014 and off 46% from its 52 week high. This post will serve as an introduction and analysis of BBX Capital. I'll tackle BFC Financial next time.
BFC Financial/BBX Capital Part One - Value in Complexity
BFC Financial/BBX Capital Part One - Value in…
BFC Financial/BBX Capital Part One - Value in Complexity
Today's post is the second in a series I'm informally titling "stocks that caused me grief in 2014." The first in the series was Awilco Drilling. This post concerns BFC Financial and BBX Capital, two related companies that possess valuable assets worth multiples of their current stock prices. Not that you'd know it by the market's assessment. As I type, BFC Financial is down 5% in 2014, but more tellingly down 36% from its 52 week high. BBX Capital is a similar sad story, down 22% in 2014 and off 46% from its 52 week high. This post will serve as an introduction and analysis of BBX Capital. I'll tackle BFC Financial next time.