Added to YB: 2020-10-06
Pitch date: 2020-10-06
BBXIA [bullish]
BBX Capital, Inc.
+5.3%
current return
Author Info
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Company Info
BBX Capital, Inc., together with its subsidiaries, engages in the acquisition, development, construction, ownership, financing, and management of real estate and investments in Florida.
Market Cap
$87.0M
Pitch Price
$3.20
Price Target
9.50 (+182%)
Dividend
N/A
EV/EBITDA
-57.67
P/E
-1.35
EV/Sales
0.89
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.
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