Bluegreen Corp (NYSE:BXG.DL)

CAPS Rating: No stars

The Company is a provider of vacation and residential lifestyle choices through its resorts and residential community businesses.

Recs

10
Player Avatar buckazoid (92.79) Submitted: 8/22/2006 6:42:39 PM : Underperform Start Price: $11.75 BXG.DL Score: +36.02

Three words: shady sales tactics. Two more words: unconvincing product. This is one of those timeshare developers that will invite well-intentioned tourists to Florida sales pitches of their "point system" in timeshare accommodation, which basically means paying insane interest rates on an "ownership" stake and then paying even more "dues" and "taxes" annually to have the privilege of maybe someday spending a two weeks' vacation in one of the company's "resort properties". As far as such schemes work it might well be going strong a year or two into the future. But in the long run they would need a convincing product, which I fail to see.

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