BBX Capital Corporation (BBX)
BBX Price and Sentiment
BBX Latest news
BOCA RATON & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation and BBX Capital, Inc. Announce Completion of Spin-Off
BBX Capital Corporation Announces Shareholder Approval of Spin-Off of BBX Capital Florida LLC and Corporate Name Change2020-09-25 16:05
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (the “Company”) and its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), announced the following today:
IT’SUGAR, a subsidiary of BBX Capital Corporation and BBX Capital Florida LLC, has Filed for Chapter 11 Bankruptcy Protection2020-09-22 19:37
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--BBX Capital Corporation (NYSE: BBX)(OTCQX: BBXTB) (“Parent”) and its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), announced today that their subsidiary, IT’SUGAR LLC and its subsidiaries (“IT’SUGAR”), has filed voluntary petitions under Chapter 11 of Title 11 of the U.S. Code (the “Bankruptcy Code”). The Chapter 11 filings were made in the U.S. Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”). IT’SUGAR intends to continue to operate its retail locations while the Bankruptcy proceedings are ongoing.
If the pandemic doesn't last too long, or if we can find a vaccine/cure sooner rather than later, there could be a quick and sharp snapback.
In light of recent market downturns, here are three stocks I recommend that are currently dealing at a deep discount to tangible book value.
BBX Capital Corporation has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
Their marketing partnership will be restored.
Majority owner BBX Capital was all set to take the timeshare seller private, but the loss of a key distribution deal took a big bite out of the target's value.