BFC Financial/BBX Capital Part Two – Value in Complexity
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Time for part two of my discussion of BFC Financial and BBX Capital, two related and complex companies. These companies possess significant value in the form of cash, loans, and real estate, shared ownership of a very valuable timeshare company, Bluegreen, and over one billion in NOLs. Due to the complicated ownership structure and a litigation overhang, the market has priced these companies at a massive discount to a conservative reckoning of their assets and earnings power.
BFC Financial/BBX Capital Part Two – Value in Complexity
BFC Financial/BBX Capital Part Two – Value in…
BFC Financial/BBX Capital Part Two – Value in Complexity
Time for part two of my discussion of BFC Financial and BBX Capital, two related and complex companies. These companies possess significant value in the form of cash, loans, and real estate, shared ownership of a very valuable timeshare company, Bluegreen, and over one billion in NOLs. Due to the complicated ownership structure and a litigation overhang, the market has priced these companies at a massive discount to a conservative reckoning of their assets and earnings power.