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Hot Stocks
BBX Capital announces Bluegreen Vacations update » 09:32
06/22/20
06/22
09:32
06/22/20
09:32
BBX

BBX Capital

$2.33 /

+0.14 (+6.39%)

, BXG

Bluegreen Vacations

$5.03 /

-0.02 (-0.40%)

BBX Capital (BBX)…

BBX Capital (BBX) announced that Bluegreen Vacations (BXG), which is approximately 93% owned by BBX Capital, issued the following press release. Bluegreen Vacations provided an update on its business operations. As of June 15, 65 of the Company's 68 resorts were welcoming guests and the Company expects average occupancies for June 1 through July 31 to be approximately 69% at all resorts and 65% at resorts with on-site sales offices. Further, as of June 15, the company had commenced sales to Bluegreen Vacations' existing owners at 20 of its 26 sales offices and had commenced sales to new customers at one sales office. The company currently anticipates it will commence sales to new owners at additional sales offices on or about July 1. In addition, the company has restarted the marketing of vacation packages at 28 Bass Pro and Cabela's locations and reactivated its call transfer marketing program with Choice Hotels. The company currently anticipates that it will have reopened at least 70 Bass Pro and Cabela's locations by July 31 and the remaining during Q3. The company said, "While there is no assurance that the trend will continue, the performance of our retail marketing of our vacation packages in the locations we have opened and our VOI sales at the sales offices reopened to date have exceeded its expectations. The Company expects such reopening efforts for the remaining resorts and sales and marketing operations to continue over the next several weeks as more jurisdictions lift or ease these restrictions and allow businesses to return to operation, subject to complying with certain mandatory precautionary measures to address the pandemic. However, any reopening activities of the Company's may be delayed or interrupted depending on federal, state, and local government orders or recommendations or based on assessments of the state of the COVID-19 pandemic or any other business interruptions." In addition, as of May 31, the company had $246M of unrestricted cash and only $21 million of debt maturities due thru March 31, 2021.

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BXG Bluegreen Vacations
$5.03 /

-0.02 (-0.40%)

BBX BBX Capital
$2.33 /

+0.14 (+6.39%)

BBX BBX Capital
$2.33 /

+0.14 (+6.39%)

Hot Stocks
Bluegreen Vacations provides update on business operations » 07:05
06/22/20
06/22
07:05
06/22/20
07:05
BXG

Bluegreen Vacations

$5.03 /

-0.02 (-0.40%)

Bluegreen Vacations…

Bluegreen Vacations provided an update on its business operations. As of June 15, 65 of the company's 68 resorts were welcoming guests and the company expects average occupancies for June 1 through July 31 to be approximately 69% at all resorts and 65% at resorts with on-site sales offices. Further, as of June 15, the company had commenced sales to Bluegreen Vacations' existing owners at 20 of its 26 sales offices and had commenced sales to new customers at one sales office. The company currently anticipates it will commence sales to new owners at additional sales offices on or about July 1. In addition, the company has restarted the marketing of vacation packages at 28 Bass Pro and Cabela's locations and reactivated its call transfer marketing program with Choice Hotels. The company currently anticipates that it will have reopened at least 70 Bass Pro and Cabela's locations by July 31 and the remaining during Q3. The company said, "While there is no assurance that the trend will continue, the performance of our retail marketing of our vacation packages in the locations we have opened and our VOI sales at the sales offices reopened to date have exceeded its expectations.The Company expects such reopening efforts for the remaining resorts and sales and marketing operations to continue over the next several weeks as more jurisdictions lift or ease these restrictions and allow businesses to return to operation, subject to complying with certain mandatory precautionary measures to address the pandemic. However, any reopening activities of the Company's may be delayed or interrupted depending on federal, state, and location government orders or recommendations or based on assessments of the state of the COVID-19 pandemic or any other business interruptions." In addition, as of May 31, the company had $246M of unrestricted cash and only $21M of debt maturities due thru March 31, 2021.

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BXG Bluegreen Vacations
$5.03 /

-0.02 (-0.40%)

Over a month ago
Hot Stocks
Bluegreen Vacations suspends dividend due to COVID-19 » 18:04
04/22/20
04/22
18:04
04/22/20
18:04
BXG

Bluegreen Vacations

$5.10 /

+0.2 (+4.08%)

Bluegreen Vacations…

Bluegreen Vacations announced that the company's board has determined to suspend the Company's regular quarterly cash dividends on its common stock citing the impact of the COVID-19 pandemic.

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BXG Bluegreen Vacations
$5.10 /

+0.2 (+4.08%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
Over a quarter ago
Hot Stocks
BBX Capital provides update and announces workforce reduction in subsidiary » 06:05
03/31/20
03/31
06:05
03/31/20
06:05
BBX

BBX Capital

$2.24 /

+0.56 (+33.33%)

, BXG

Bluegreen Vacations

$5.32 /

+0.3 (+5.98%)

BBX Capital (BBX)…

BBX Capital (BBX) provided information on the impact of the COVID-19 pandemic on certain of its businesses and certain actions that have been taken in response to the pandemic. While BBX Capital and its subsidiaries have each been impacted by the COVID-19 pandemic, Bluegreen Vacations (BXG) IT'SUGAR have to date been most significantly impacted by the pandemic. As recently announced by Bluegreen, as a result of the pandemic, including current and anticipated travel restrictions and restrictions on business operations. In addition, several of Bluegreen's resorts have been or are expected to be closed based on various governmental mandates and advisories. Although Bluegreen started the year off strong, with system-side sales of vacation ownership interests up 16.5% through February 29, Bluegreen has since experienced significant declines in occupancy, sales tours, and system-side sales of VOIs due to the COVID-19 pandemic. As a result, in addition to the aforementioned actions, Bluegreen has taken a number of additional actions, including a reduction in workforce, temporary furloughs, and reduced work hours. As a precautionary measure aimed towards ensuring adequate liquidity for a sustained period, Bluegreen drew down $60.0M under its $125.0M revolving credit facility on March 19, 2020 and pledged/sold receivables under its various receivable-backed debt/purchase facilities to increase its cash position, bringing Bluegreen's unrestricted cash balance as of March 30 to approximately $240M. In addition, Bluegreen has only $20.3M of debt maturities due during 2020. As of March 30 BBX Capital, excluding its subsidiaries, had unrestricted cash and cash equivalents of approximately $140M.

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BBX BBX Capital
$2.24 /

+0.56 (+33.33%)

06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
BXG Bluegreen Vacations
$5.32 /

+0.3 (+5.98%)

06/14/19
Fly Intel: Top five analyst upgrades
Hot Stocks
Bluegreen Vacations closes certain sales centers, Cabela's stores » 19:01
03/30/20
03/30
19:01
03/30/20
19:01
BXG

Bluegreen Vacations

$5.32 /

+0.3 (+5.98%)

Bluegreen Vacations…

Bluegreen Vacations Corporation announced that as a result of the COVID-19 pandemic, including current and anticipated travel restrictions and restrictions on business operations, the company has temporarily closed until further notice all of its VOI sales centers; its retail marketing operations at Bass Pro Shops; Cabela's stores and outlet malls; and its Choice Hotels call transfer program. Several of the company's resorts have been or are expected to be closed based on various governmental mandates and advisories. Alan B. Levan, Chairman, President and Chief Executive Officer, commented, "The COVID-19 pandemic is an unprecedented event in the United States and globally, and the domino effect has directly impacted Bluegreen's sales and operations. We remain committed to our owners and the future of Bluegreen and are taking these difficult necessary measures, which will adversely impact our associates and our business, only after careful consideration of the challenges we face and with a view to protecting the long-term best interests of our associates, owners and our Company. We look forward to the end of this global crisis and the reestablishment of our full business operations." The company started the year off strong, with system-side sales of vacation ownership interests up 16.5% through February 29, 2020. Since then, the Company has seen significant declines in occupancy, sales tours, and system-side sales of vacation ownership interest due to the COVID-19 pandemic. As a result, in addition to the aforementioned actions, the company has taken a number of additional actions including a reduction in force, temporary furloughs and reduced work hours.

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BXG Bluegreen Vacations
$5.32 /

+0.3 (+5.98%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
Hot Stocks
BBX Capital notes resignation of Bluegreen Vacations CEO » 11:15
11/25/19
11/25
11:15
11/25/19
11:15
BBX

BBX Capital

$4.80 /

+0.21 (+4.58%)

, BXG

Bluegreen Vacations

$10.05 /

+0.35 (+3.61%)

BBX Capital (BBX) noted…

BBX Capital (BBX) noted that Bluegreen Vacations (BXG), which is 90% owned by BBX Capital, announced in a press release earlier that Shawn Pearson has resigned as President and CEO of Bluegreen Vacations, effective December 31, 2019 for family reasons. Alan Levan will succeed Pearson as President and CEO of the company following Pearson's separation. Levan has served as Chairman of Bluegreen Vacations for over 15 years and also serves as Chairman, CEO and President of BBX Capital.

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BBX BBX Capital
$4.80 /

+0.21 (+4.58%)

06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
03/05/19 Stifel
Bluegreen Vacations downgraded to Hold from Buy at Stifel
BXG Bluegreen Vacations
$10.05 /

+0.35 (+3.61%)

06/14/19
Fly Intel: Top five analyst upgrades
03/20/19 Credit Suisse
Bluegreen Vacations assumed with a Neutral at Credit Suisse
Hot Stocks
Bluegreen Vacations CEO Shawn Pearson resigns, Alan Levan to succeed » 06:57
11/25/19
11/25
06:57
11/25/19
06:57
BXG

Bluegreen Vacations

$9.70 /

+0.44 (+4.75%)

, BBX

BBX Capital

$4.59 /

+0.03 (+0.66%)

Bluegreen Vacations (BXG)…

Bluegreen Vacations (BXG) announced that Shawn Pearson has resigned as President and CEO, effective December 31 for family reasons. Alan Levan will succeed Pearson as President and CEO of the company following Pearson's separation. Levan has served as Chairman of Bluegreen Vacations for over 15 years. Levan also serves as Chairman, CEO and President of BBX Capital (BBX). BBX Capital, indirectly through its wholly-owned subsidiary, Woodbridge Holdings Corporation, owns approximately 90% of the company's outstanding common stock.

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BXG Bluegreen Vacations
$9.70 /

+0.44 (+4.75%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
03/20/19 Credit Suisse
Bluegreen Vacations assumed with a Neutral at Credit Suisse
03/05/19 Stifel
Bluegreen Vacations downgraded to Hold from Buy at Stifel
BBX BBX Capital
$4.59 /

+0.03 (+0.66%)

Earnings
Bluegreen Vacations reports Q3 EPS 27c, consensus 20c » 07:44
10/31/19
10/31
07:44
10/31/19
07:44
BXG

Bluegreen Vacations

$9.71 /

+0.01 (+0.10%)

Reports Q3 revenue…

Reports Q3 revenue $205.9M, consensus $197.21M. Q3 system-wide sales of vacation ownership interests of $170.4M, compared to $173.3M in the prior year quarter.

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BXG Bluegreen Vacations
$9.71 /

+0.01 (+0.10%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
03/20/19 Credit Suisse
Bluegreen Vacations assumed with a Neutral at Credit Suisse
03/05/19 Stifel
Bluegreen Vacations downgraded to Hold from Buy at Stifel
Hot Stocks
Bluegreen Vacations cuts quarterly dividend to 13c per share from 17c per share » 07:23
10/31/19
10/31
07:23
10/31/19
07:23
BXG

Bluegreen Vacations

$9.71 /

+0.01 (+0.10%)

Bluegreen Vacations…

Bluegreen Vacations announced that its board declared a quarterly common stock cash dividend of 13c per share. The dividend is payable November 27, to shareholders of record as of the close of trading on November 13, and represents an adjustment from the 17c per share dividend paid during previous quarters. In light of the challenges the company has faced over the last twelve months and the company's current earnings and EBITDA, the Board, with the recommendation of management, made a determination that it was appropriate to adjust the dividend while continuing to offer shareholders an attractive return. The company remains focused on investing in its growth initiatives and providing cash returns to its shareholders.

ShowHide Related Items >><<
BXG Bluegreen Vacations
$9.71 /

+0.01 (+0.10%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
03/20/19 Credit Suisse
Bluegreen Vacations assumed with a Neutral at Credit Suisse
03/05/19 Stifel
Bluegreen Vacations downgraded to Hold from Buy at Stifel
Hot Stocks
Bluegreen Vacations expands into Cabela's stores » 09:05
10/24/19
10/24
09:05
10/24/19
09:05
BXG

Bluegreen Vacations

$9.71 /

+0.13 (+1.36%)

, CAB

Cabela's

$0.00 /

+ (+0.00%)

Bluegreen Vacations (BXG)…

Bluegreen Vacations (BXG) is marking the next phase of its 19-year-old partnership with Bass Pro by expanding its branded store within a store concept in select Cabela's stores (CAB), a subsidiary of Bass Pro Shops. "We are excited to introduce the Bluegreen Vacations kiosks in select Cabela's stores across the country," said Shawn Pearson, President and CEO of Bluegreen Vacations. "When we first partnered with Bass Pro almost two decades ago, we planned to bring vacation opportunities to Bass Pro customers, and our new kiosks at Cabela's store locations allow us to expand our vacation opportunities to Cabela's customers."

ShowHide Related Items >><<
BXG Bluegreen Vacations
$9.71 /

+0.13 (+1.36%)

06/14/19
Fly Intel: Top five analyst upgrades
06/14/19 Stifel
Bluegreen Vacations upgraded to Buy from Hold at Stifel
03/20/19 Credit Suisse
Bluegreen Vacations assumed with a Neutral at Credit Suisse
03/05/19 Stifel
Bluegreen Vacations downgraded to Hold from Buy at Stifel
CAB Cabela's
$0.00 /

+ (+0.00%)

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