Safety in Value, a Seeking Alpha Marketplace author, joins us to discuss his Bluegreen Vacations thesis. He likes the stock as it trades below its previous deal price, and likes the underlying business as well. We discuss those elements, the risks to parent company BBX Capital's bid, and, because we couldn't resist, how this fits into Joel Greenblatt's investing philosophy.
Topics Covered
3:30 minute mark - BBX angle and the costs of two public companies 7:00 – The lowball risk 11:00 – The underlying business and the Manhattan club 17:30 – Timeframe for this position 24:00 – Guest take on Joel Greenblatt’s book