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Strategies & Market Trends : Bluegreen Corporation (BXG)
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To: FRANK J CATALANO who wrote (20)12/29/1997 2:16:00 PM
From: Greg Werlinich  Read Replies (1) of 110
 
Cat -

I don't disagree with the substance of your analysis. I just think that they should be valued on the expected full year numbers, rather than nine months. In that case, at between $0.40 and $0.45, we should be looking at a stock price of between $8 and $9. Then hopefully it will begin to trade at a multiple of forecasted 1999 numbers, which should lift the stock even further. Happy New Year to you and happy hunting.

Greg
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