BFC Financial, Woodbridge complete merger

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Home Builders Offer Deep Value According To Bertolet Capital President

67 WALL STREET, New York - November 4, 2009 - The Wall Street Transcript has just published its Pharmaceuticals Report offering a timely review of the sector to serious investors and industry executives. This 76 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Small-Cap Specialty Pharma - Patent Expiration - Pending Health Care Reform - Cultivating And Expanding R&D Pipelines - Chinese Drug Manufacturers - Brisk M&A Activity - Indian Pharma VS. U.S. Pharma - Competition From Generics - FDA Approval Process - Clinical Research Outsourcing Market - Stem Cell-Based Technology - Cancer Radiation Therapy - Expansion Into Asian Markets - Traditional Chinese Medicine VS. Western Medicine In Chinese Pharma Companies include: Aeolus Pharmaceuticals (AOLS.OB); Nutra Pharma (NPHC.OB); Quick-Med Technologies (QMDT.OB); Abbott Labs (ABT); Alexza Pharmaceuticals (ALXA); AmexDrug Corporation (AXRX.OB); Aurobindo Pharma (AUROBINDOP.BO); BioClinica (BIOC); BioPharm Asia (BFAR.OB); Biocon (BIOCON.BO); Cephalon (CEPH); China Sky One Medical, Inc. (CSKI); Claris Lifesciences (CLARICH.BO); Cortex Pharmaceuticals (COR); Daiichi Sankyo (DSKYF.PK); Dr.Reddy's (RDY); Elan (Elan); Eli Lilly (LLY); Forest (FRX); GeoPharma (GORX); Glaxo (GSK); Glenmark (GLENMARK.BO); Johnson & Johnson (JNJ); Lupin (LUPINSL.BO); Mannatech (MTEX); Matrix Laboratories (ATRIXLAB.BO); Medical Nutrition (MDNU); Merck KGaA (MKGAY.PK); Mylan (MYL); Ne...
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BLUEGREEN CORP Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sh

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Bluegreen Vacations Unlimited, Inc., ("BVU"), our wholly-owned subsidiary, has an existing revolving master acquisition, development and construction facility loan agreement (the "Master Facility") with Textron Financial Corporation ("Textron"). The Master Facility has been used to facilitate the borrowing of funds for resort acquisition and development activities, and we have guaranteed all sub-loans under the Master Facility. On October 28, 2009, we, BVU and Textron, entered into an amendment to the Master Facility and a sub-loan under the Master Facility used to fund the acquisition and development of our Odyssey Dells Resort (the "Sub-Loan"). The amendment to the Sub-Loan extended the final maturity of outstanding borrowings under the Sub-Loan from October 31, 2010 to December 31, 2011, and revised the periodic minimum required principal amortization. Prior to the amendment, the next minimum required principal payment would have been $3.5 million on or before October 31, 2009 with the balance due on October 31, 2010. As amended, our next minimum required principal payment will be approximately $0.4 million in March 2010 with additional minimum required principal payments of $1.0 million per quarter thereafter through maturity. We will continue to pay Textron principal payments as we sell each timeshare interest that collateralizes the Sub-Loan, which payments will count towards the minimum required principal payments. As of the date of this filing, our outstanding borrowings under the Sub-Loan totaled approximately $7.4 million. The Master Facility represented the maximum amount of credit that Textron would extend for resort acquisition and development activities, subject to Textron's further approval of sub-loans for specific projects. As of September 30, 2009, the remaining available credit under the Maste...
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Earnings dip as Bluegreen lowers home prices

Bluegreen Corp. reported a 43 percent drop in earnings as it cut prices of its community home sites during the third quarter. The Boca Raton-based timeshare and resort community developer (NYSE: BXG) said its net income was $3.9 million, or 13 cents a share, on revenue of $112.7 million in the third quarter. That’s down from net income of $6.8 million, or 21 cents a share, on revenue of $179.8 million in the same year-ago period. Much of the declines came because Bluegreen cut back on its sales and marketing efforts over the past year to save on expenses. It had 20 sales offices as of Sept. 30, down from 29 a year ago. It also significantly reduced prices on completed home sites in certain communities. The company sold more homes, but selling expenses ate up a larger percentage of its revenue, the company said in a news release. Bluegreen also was hurt by problems in its portfolio of mortgages to homebuyers. That portfolio had a 12.7 percent annual default rate as of Sept. 30, up from an 8.7 percent default rate a year ago. In late October, Bluegreen extended a $7.4 million loan with Textron Financial Corp. that will run through the end of 2011. It has a non-binding term sheet with Wachovia Bank to extend a $40.3 million loan for 48 months. However, a contract Bluegreen signed in May to sell golf courses in North Carolina and Virginia for $10.2 million expired without closing. For the first nine months of this year, Bluegreen reported net income of $14.3 million, or 46 cents a share, on revenue of $283.2...
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BLUEGREEN CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Show all filings for BLUEGREEN CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for BLUEGREEN CORP 12-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as...
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BLUEGREEN CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Cautionary Statement Regarding Forward-Looking Statements and Risk Factors Certain statements in this Quarterly Report and our other filings with the SEC constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. You may identify these statements by forward-looking words such as "may," "intend," "expect," "anticipate," "believe", "will," "should," "project," "estimate," "plan" or other comparable terminology or by other statements that do not relate to historical facts. All statements, trend analyses and other information relative to the market for our products, remaining life-of-project sales, our expected future sales, gross margin, financial position, operating results, liquidity and capital resources, our business strategy, financial plan and expected capital requirements as well as trends in our operations, receivables performance or results are forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties, many of which are beyond our control, including changes in economic conditions, generally, in areas where we operate, or in the travel and tourism industry, availability of financing, increases in interest rates, changes in regulations and other factors discussed throughout our SEC filings, including the Risk Factors section of our Annual and Quarterly Reports, all of which could cause our actual results, performance or achievements, or industry trends, to differ materially from any future results, performance, or achievements or trends expressed or implied herein. Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements, and no assurance can be given that the plans, estimates ...
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