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Strategies & Market Trends : Value Investing

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To: Michael Burry who started this subject8/15/2002 9:08:30 AM
From: Dale Baker  Read Replies (2) of 78673
 
BFCFB - holding company for BBX, a true puzzle for valuehounds if you haven't looked at it before. BFC owns 22% of BBX shares, or a $120m stake. But BFC trades at only $5 or $44m market cap.

Spreads are hell, volume is zero and no one is quite sure when BFC's treasure trove will end up in shareholder's hands. But it's a helluva puzzle to follow (long some BFC here from 7's and holding because I can't find a reason to sell).
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