Bluegreen Corporation Signs Non-Binding Letter of Intent to Sell Company to Diamond R

[Jya-Ning]

Wow!

This is what happen when you miss to read stock in the day.

I guess the outlook is tough.

Jya-Ning

[mshatty]

Not a Bluegreen owner, but I would be very skeptic if I was one.

[swirg53]

Since BG has a partnership with Shell, I think you are right on the mark that if this goes through, there will be a DRI buy out of Shell also. I wonder how much they would have to buy to go out in front of Fairfield????

Originally Posted by T. R. Oglodyte

Not surprising to the extent I've been expecting both Diamond and Wyndham to acquire additional operations.

I know very little about Bluegreen, so I can't comment either way on this particular deal. I've been expecting Raintree, however, to wind up either with Wyndham or Diamond - there are reasons for both of them.

I also expect Shell to be taken out by one of the big boys as well.

[RedMan]

Originally Posted by vintner

Should my stomach be churning as much as it is?

Same here!

[Spence]

Originally Posted by swirg53

Since BG has a partnership with Shell, I think you are right on the mark that if this goes through, there will be a DRI buy out of Shell also. I wonder how much they would have to buy to go out in front of Fairfield????

...and the ex President of Shell is the President of what company?
You guessed it, DRI

[T/S Guy]

I am curious. Does the potential DRI purchase involve the acquisition of Big Cedar (timeshare only)? Johnnie Morris (owner of Bass Pro Shops) is in some form of a partnership with Bluegreen at Big Cedar.

Also, I've heard a rumor that Bluegreen is developing a separate Big Cedar type brand of timeshare resorts.

[vintner]

Okay, I think as a Bluegreener only, I need a DRI 101 class so I can find out what I may be getting into. Where do I start reading? Is there a preferred sticky that is a first read for new DRI people?

[Aashlee]

Hmmm, the Bluegreen VP of acquisitions and development and Shell's president migrate over to DRI within the last short while ... We're with Vintner and RedMan -- our stomachs are churning, too.

It will be interesting to see how they sell this to us at our next owner update, which is scheduled for tomorrow. My husband is fuming, and we're both worried that DRI is building itself into some kind of pyramid scheme with too many big acquisitions in too short a time. And we're worried about the new entity trying to put its hands into our pockets for fewer benefits.

Why can't we just enjoy our timeshare without being nickel and dimed to death?

[swirg53]

I'm sure nothing will be acknowledged at owner update about this. Too non-definitive at this point, they will say. And/or use this as even more incentive to buy more points NOW!

but we'll be waiting intently for your post about what happened at the owner update.

bottom line is that no one knows anything about this.............so why worry? if you are really concerned, sell your points instead of waiting on what might come which I am hoping won't be too much different than what we have.

there has been some great posts, some negative and some positive, based on factual data. I thought the one post about there being no DRI inventory in Myrtle Beach and how it will make it even tougher to get Shore Crest I ocean front.....that was a very interesting post which required some digging and thought. boca has given a very nice explanation about how this could be a real positive move for BG owners.

Others who have posted about the price of stock versus the intent sale price and the execs being major shareholders and how they will gain from it and how execs from BG (1) and Shell (1) have recently left and became a part of DRI.

All very interesting information especially why would they be interested in the demise of their customer base............but make it better for them and themselves. But why worry and have your stomach churn. As Jim says, this will be an interesting ride!

[Spence]

Originally Posted by Aashlee

Hmmm, the Bluegreen VP of acquisitions and development and Shell's president migrate over to DRI within the last short while ... We're with Vintner and RedMan -- our stomachs are churning, too.

It will be interesting to see how they sell this to us at our next owner update, which is scheduled for tomorrow. My husband is fuming, and we're both worried that DRI is building itself into some kind of pyramid scheme with too many big acquisitions in too short a time. And we're worried about the new entity trying to put its hands into our pockets for fewer benefits.

Why can't we just enjoy our timeshare without being nickel and dimed to death?

More and higher fees are coming, you can bet on that. Sunterra went through bankruptcy protection in ~2002 because of too fast expansion but I think that DRI is much better prepared and are much better money managers than that, they also have the advantage of being a privately owned company