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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (55195)	4/17/2015 3:38:51 PM
From: gizwick	1 Recommendation Read Replies (1) of 78719

Just doubled up my position in BFCF as it will become more valuable from a book standpoint post tender offer. BBX being tendered to give BFCF more than 80% for tax benefits. Over $100 million coming back to BFCF in tax credits over the next couple of years. Hugely undervalued here with target of $6 to $7 per share. BFCF properties will be monetized over the next couple of years and most are Joint Ventures with builders of apartments and homes. Recent deals are revealing how under valued the properties were on the books for. The company is selling them for three times book value and they will have income from apartments every quarter as well.

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