Added to YB: 2020-10-06
Pitch date: 2020-10-06
BBXIA [bullish]
BBX Capital, Inc.
+19.74%
current return
Author Info
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Company Info
BBX Capital, Inc., together with its subsidiaries, operates as diversified holding company in Florida.
Market Cap
$47.9M
Pitch Price
$3.20
Price Target
9.50 (+148%)
Dividend
N/A
EV/EBITDA
-49.42
P/E
-0.82
EV/Sales
0.76
Sector
Real Estate Management and Development
Category
special_situation
BBX Capital: New BBXIA, Form 10 Notes
BBXIA: Spinoff trading at steep discount to NAV ($9.50/share value vs $4 price) due to OTC listing & complex structure. Assets: $97M cash, $75M 6% note from BVH, $162M RE book (FL boom upside), Renin doors biz. Risks: Debt, high G&A, shady mgmt. Covid tailwinds & cheap valuation provide near-term opportunity before likely eventual mgmt takeunder.
Read full article (3 min)