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gsterling

gsterling
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  • Strong Catalysts And Sum Of The Parts Shows Potential For BBX Capital [View article]
    I believe his point is BFCF owns more Bluegreen than BBX does so in that sense BBX shareholders are benefiting from the deal since BFCF trades at an equally low valuation. There is definitely truth to that statement, although I guess the counter-argument would be that just because BFCF is undervalued doesn't give them the right to buy a separate 'independent' company at an equally low valuation.
    Oct 21 08:22 AM | 1 Like Like |Link to Comment
  • New Ulm Telecom: This Obscure Regional Telecom Offers Cheapness, Yield And An Embedded Catalyst [View article]
    Thanks for the article. I do agree there is always the potential to be acquired. The main issue I have is while their book value might be around $57M, about $65M of their assets are goodwill and intangibles giving them a negative tangible book value. I'm not sure how LICT compared to that.
    Oct 21 07:50 AM | 1 Like Like |Link to Comment
  • Homebuilder UCP Could Rise On Increased Earnings Or A Buyout [View article]
    bogota - Yes that is correct. Title passes at the very end during the closing process when the home is delivered. I'm pretty sure if Zillow shows a lot as sold that would mean the title has been passed to the owner and UCP will record the revenue at that point.
    Oct 19 05:37 PM | Likes Like |Link to Comment
  • Homebuilder UCP Could Rise On Increased Earnings Or A Buyout [View article]
    Homebuilding and Land Development Sales and Profit Recognition:

    In accordance with Financial Accounting Standard Board (“FASB”) issued Accounting Standard Codification Topic 360 (“ASC Topic 360”), Property, Plant, and Equipment, revenue from home sales and other real estate sales are recorded and any profit is recognized when the respective sales are closed. Sales are closed when all conditions of escrow are met, title passes to the buyer, appropriate consideration is received and collection of associated receivables, if any, is reasonably assured and the Company has no continuing involvement. The Company does not offer financing to any buyers. Sales price incentives are accounted for as a reduction of revenues when the sale is recorded. If the earnings process is not complete, the sale and any related profits are deferred for recognition in future periods. Any profit recorded is based on the calculation of cost of sales, which is dependent on an allocation of costs.
    Oct 19 12:37 PM | Likes Like |Link to Comment
  • Strong Catalysts And Sum Of The Parts Shows Potential For BBX Capital [View article]
    Marriott Vacations Wordwide (VAC) reports good results and guidance. Excellent sign for Bluegreen.

    http://bit.ly/1vhochC
    Oct 16 08:17 AM | 1 Like Like |Link to Comment
  • Netflix blames subscriber miss on price hike, defends international spend [View news story]
    King Rat- The problem with that is the media companies are not going to let them have those titles without charging them a fortune. They aren't letting NFLX run away with the money.
    Oct 15 09:36 PM | 1 Like Like |Link to Comment
  • Alpha Pro Tech - Watch Out After Ebola Hype Ends; 70% Downside [View article]
    It's really irrelevant if they are important and useful. When you have sky high valuations and the companies don't show that kind of growth (which neither will) the stocks will eventually come crashing down, not just 'cool down'. Hazmat suits may not be widgets, but they are certainly not a difficult thing to make and there are much bigger companies that manufacturer these products.

    The Ebola outbreak really hasn't exposed anything other than governments did not react quick enough from the onset. Now that the resources are being directed to contain it there is no reason to think it will become a global pandemic.
    Oct 14 12:25 PM | Likes Like |Link to Comment
  • Alpha Pro Tech - Watch Out After Ebola Hype Ends; 70% Downside [View article]
    Why shouldn't he? People praise a stock when they are long and knock a stock when they are short. That's why they are long or short in the first place.
    Oct 14 10:56 AM | 1 Like Like |Link to Comment
  • Strong Catalysts And Sum Of The Parts Shows Potential For BBX Capital [View article]
    bantrader,

    As far as I am aware the shareholder lawsuit regarding the merger is still out there. Keep in mind that the lawsuit was filed when BFCF was trading I think in the low 2's. I think a lot of whether the lawsuit continues will depend on the price of BFCF at the time. Either way I rarely see a merger where there isn't a lawsuit. The same thing happened when they bought Bluegreen and that didn't stop anything.

    As far as the stock option plan the only way I can make it clear is to say they get paid way too much. It does make me cringe, but considering how ridiculously undervalued I believe the stock is it's something I'm willing to deal with. The amounts you listed are correct. They vest in equal installments over the course of four years.

    BTW - Apparently last week's plummet in price for BFCF was not due to insider trading. No Form 4 has been filed.
    Oct 14 08:07 AM | Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    Bruce - I don't think I see any reference to phones. Just LTE base stations.
    Oct 14 07:37 AM | Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    The interesting part of that report is they don't point out mobile, computers, TV's etc. which is why I think some companies such as MU will not see a big impact from this.
    Oct 13 09:42 AM | 2 Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    Russ - I'm reading the analysts who are bearish on semis. James Covello from GS who is bearish on semis mentions the following: "We downgraded our Semi coverage view to Cautious on August 18 based on signs that the cycle was overheating, and recent datapoints underscore our concerns. Specifically: 1) our end market analysis shows semi revenue growth outpacing end market growth for the last several quarters, which we believe is unsustainable. In industrial and auto specifically, we believe semis are over-shipping by 10-15%. "

    Do you think this is correct and if so do you think the 'overheating' is limited to those segments?
    Oct 10 02:10 PM | 2 Likes Like |Link to Comment
  • North Korea's Kim Jong Un's absence continues [View news story]
    I see him in the crowd. He's next to Waldo.
    Oct 10 09:33 AM | 3 Likes Like |Link to Comment
  • BFC Financial: A Massively Undervalued Catalyst-Driven Equity [View article]
    I'm guessing there was a nice chunk of insider selling today and probably some panic selloff in the process considering all the market turmoil today.
    Oct 9 12:53 PM | Likes Like |Link to Comment
  • Strong Catalysts And Sum Of The Parts Shows Potential For BBX Capital [View article]
    I am buying today.
    Oct 9 12:11 PM | Likes Like |Link to Comment
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