Showing posts with label Big Cedar. Show all posts
Showing posts with label Big Cedar. Show all posts

BUYERS BE - AWARE

Timeshares and Travel Clubs, by law, are required to send you home with all the paperwork after signing. Including a pages that tells you how to cancel the purchase within a set number of days.

They don't want to to see that document. But when you get back home or to your hotel you discover there is no paperwork, so when you call the sales office, everyone you talk to is unavailable.

The resorts and clubs are getting pretty shifty in following the law. Below is from Westgate Resorts. In every buyers kit, they have a hidden pocket that you don't notice.


 So check that kit. I may save you a lot of headaches.

GET OUT OF YOUR TIMESHARE - ONLY 495 DOWN

Your total cost to not only get out of your timeshare is 995.00 (US). Get started for only 495 down and balance of 500 dollars payable only after your timeshare or travel club contract is cancelled and your money is refunded.

All you do is print, sign and mail all documents I send you. You will be out in about 4 to 5 months. Stop paying that monthly payment and those annual maintenance fees today. 

TIMESHARE BILL OF RIGHTS



“Moving timeshare from exploiting its customers and members to servicing its customers and members. Everybody wins”.

A Timeshare Tricks client is working on getting changes passed in the timeshare industry. He has a Petition at www.timesharerights.com, this petition is for the State Attorney Generals across the United States.  Take time to sign this, it is going to take each and every one of us to make a change that will protect honest, hardworking people.

Timeshare Bill of Rights For Members
Timeshare companies and their antecedents (i.e. maintenance

fee termination companies) have become increasing exploitive

of timeshare customers and members. I propose protection for

TS consumers now and in the future for these services.


1. Timeshare points should not be equated with real estate,

because they have little or no value in that area.

2. Maintenance or membership fees should be for use only

and limited to a 10-year span.

3. Timeshare companies should recognize that a customer

has free will and human rights and he/she can decide to be

member of a timeshare club or not.

4. Anything related to maintenance or membership fees must

be explained and understood.

5. Exit policy for members must be known and any fee

associated with it should be made known as well.

6. Complaints concerning timeshare should be handled by an

ombudsman of the state.

7. All of these issues would be retroactive from the date of

implementation.

Be Part of the 15%

Timeshares and Travel Clubs know they are going to have to refund 15% of owners. Its the cost of doing business. Sounds like a large group unless you think about the fact that 85% of owners will continue to pay for the timeshare. And they will spend thousands to sell it, which works into thousands of dollars down the drain.

Not everyone who wants out can get out, but if you were the victim of misrepresentation, you can force them to let you out and refund your money.

Email timesharetricks@gmail.com now and find out if you qualify.

YOU CAN GET OUT OF THAT TIMESHARE AND GET YOUR MONEY BACK

If you purchased and have figured out that the salesman and sales "closer" lied to you. And then the Verification Officer who helped with your paperwork rushed you through it. You are not alone.

Timeshare Tricks can't help you if you have owned your timeshare for 15 years, used it and suddenly don't want it. But if they lied to you, lets get you out and demand your money back.

Contact me at timesharetricks@gmail.com and lets get you out before summer.

TIMESHARE TRICKS OR AN ATTORNEY

Why should you use Timeshare Tricks over an attorney?

An attorney will charge a couple of thousand dollars to start. If they do the time consuming task of gathering research they will charge by the hour, then they will take a portion of your winnings.

Joining a class action usually gets results, takes a couple of years and the law firm is the only one who makes money. 

Timeshare Tricks will charge a small amount to cover the cost of buying records, we will do the research and background checks to make certain when we ask for your release from the contract and your money back, the timeshare will know it is better to pay you off and shut you up. Then once you are out and have your money in hand Timeshare Tricks get a small commission. With Timeshare Tricks you may be out of this mess in as quick as 60 days. Plus we will send them a Dispute Notification alerting them you are disputing the purchase and you no longer authorize them to withdraw from your checking account or credit card account.

As soon as you sign up using the "Buy Now" button on the right I will send you a Dispute Notification and a Questionnaire that will help you to remember the sales presentation and what lies you were told.

Want to DIY the work yourself? Check out www.timesharetricks.blogspot.com You can order DIY Get Out ebook. There are sample letter and where to send them. You can even order the research.

WANT TO BE RID OF THAT TIMESHARE FOR GOOD

Timeshare Tricks will help you get out from that timeshare or travel club contract and get you your money back.

If the salespeople lied to you and misrepresented what you were buying you have every right to demand out.

Timeshare Tricks will help you with the entire process, we are not through until you are out.

Email me at timesharetricks@gmail.com or click on the "Buy Here" button on the right.

BLUEGREENS TRUE COLORS

The partial article below pretty much cuts to the chase. Bluegreen's main focus is sales. Not providing owners with happy vacations but selling more VOIs or Vacation Ownership Intervals, so they can pay dividends to their stockholders who in turn can take you money and go on vacation themselves. I'm betting they do not own Bluegreen points. To read the entire article visit: http://money.cnn.com/news/newsfeeds/articles/marketwire/11G025179-001.htm

The following provides financial and other information regarding our assets, including our investment in Bluegreen and acquired operating businesses, our real estate joint ventures, and our BankAtlantic legacy portfolio of loans and foreclosed real estate.
Bluegreen Overview for the Third Quarter, 2014 Compared to Third Quarter 2013
Bluegreen Corporation: On April 2, 2013, BBX Capital acquired a 46% interest in Woodbridge Holdings, LLC ("Woodbridge"). BFC Financial Corporation ("BFC"), BBX Capital's parent company, owns the remaining 54% of Woodbridge. Woodbridge's principal asset is its 100% ownership of Bluegreen Corporation ("Bluegreen").
For the quarter ended September 30, 2014, net income attributable to Woodbridge was $16.6 million, of which $17.2 million related to the operations of Bluegreen. BBX Capital recognized 46% of the net income attributable to Woodbridge, or $7.6 million, for the quarter ended September 30, 2014. For the nine month period ended September 30, 2014, net income attributable to Woodbridge was $47.8 million, of which $49.7 million related to the operations of Bluegreen. BBX Capital recognized 46% of the net income attributable to Woodbridge, or $22.0 million, for the nine month period ended September 30, 2014. 
During the third quarter of 2013 and the first, second and third quarters of 2014, Bluegreen paid cash dividends of $18.0 million, $14.5 million, $19.0 million, and $19.0 million, respectively, to Woodbridge. Woodbridge paid cash dividends to BBX Capital of $ 3.7 million, $6.4 million, $8.4 million, and $8.5 million, respectively, during September 2013, April 2014, June 2014, and August 2014, based on BBX Capital's pro rata 46% interest in Woodbridge.
Bluegreen Highlights for the Third Quarter, 2014 Compared to Third Quarter, 2013
(1) Bluegreen's sales of VOIs under its capital-light business strategy include sales of VOIs under fee-based sales and marketing arrangements, just-in-time inventory acquisition arrangements. Bluegreen enters into agreements with third party developers that allow Bluegreen to buy VOI inventory from time to time in close proximity to the timing of when Bluegreen intends to sell such VOIs and refers to this as "Just in Time" arrangements. Bluegreen also acquires VOI inventory from resorts' property owner associations ("POAs") and other third parties close to the time Bluegreen intends to sell such VOIs. Such VOIs are typically obtained by the POAs through foreclosure in connection with maintenance fee defaults, and are generally acquired by Bluegreen at a significant discount. Bluegreen refers to sales of inventory acquired through these arrangements as "Secondary Market Sales."
System-wide sales of VOIs, net include all sales of VOIs, regardless of whether Bluegreen or a third-party owned the VOI immediately prior to the sale. The sales of third-party owned VOIs are transacted as sales of timeshare interests in the Bluegreen Vacation Club through the same selling and marketing process Bluegreen uses to sell its VOI inventory. The growth in system-wide sales of VOIs, net during 2014 as compared to 2013 reflects an increase in the number of tours and an increase in the sale-to-tour conversion ratio. During the three months ended September 30, 2014, the number of tours increased by 9% compared to the same period in 2013. The increase in the number of tours reflects efforts to expand marketing to sales prospects through new marketing initiatives. Additionally, during the three months ended September 30, 2014, Bluegreen's sale-to-tour conversion ratio increased 1% compared to the same period in 2013.
During the three months ended September 30, 2014 and 2013, cost of VOIs sold as a percentage of sales of VOIs was 12% and 14%, respectively. The decrease in cost of sales generally and as a percentage of sales during 2014 is a result of a higher proportion of Secondary Market sales, which typically carry a relatively lower acquisition cost. Cost of VOIs sold as a percentage of sales of VOIs varies between periods based on the relative costs of the specific VOIs sold in each period and the size of the point packages of the VOIs sold (due to offered volume discounts, including consideration of cumulative sales to existing owners). Additionally, the effect of changes in estimates under the relative sales value method, including estimates of project sales, future defaults, upgrades and incremental revenue from the resale of repossessed VOI inventory, are reflected on a retrospective basis in the period the change occurs. Therefore, cost of sales will typically be favorably impacted in periods where a significant amount of Secondary Market VOI inventory is acquired and the resulting change in estimate is recognized.
As a percentage of system-wide sales, net, selling and marketing expenses increased from 45% during the third quarter of 2013 to 48% during the third quarter of 2014. Generally, the increase in selling and marketing expenses and the increase in selling and marketing expenses as a percentage of sales during the 2014 periods compared to the 2013 periods was a result of Bluegreen's continued focus on increasing its marketing efforts to new customers as opposed to existing owners. Sales to existing owners generally involve lower marketing expenses than sales to new customers. Bluegreen expects to continue to increase its focus on sales to new owners and, as a result, sales and marketing expenses generally and as a percentage of sales may continue to increase.
 

HOW DOES IT WORK


HOW IT WORKS: No Timeshare provides you with hundreds of pages of research on your resort. This will include consumer complaints, past lawsuits against the resort, State Attorney Generals complaints and news articles. All showing where hundreds of other people have been scammed. I then provide a demand letter stating you are disputing the purchase and giving them 30 days to respond or this information will go public. It works, contact me today.

This program works if you were misled and lied to during your presentation. Resorts can no longer place the blame on the salesperson, they allow it and the salesman is a representative of the resort. Hold them accountable.

Order Research on Your Timeshare or Travel Club. http://timesharegetout.blogspot.com/2013/06/get-research-on-your-resort.html

Thinking of buying a timeshare or Travel Club? Do you have an appointment for a sales presentation scheduled? Planning a lawsuit against your timeshare?

I have worked several years and countless hours researching complaints, court records, news articles and emails from timeshare and travel club owners who were tricked and lied to during their sales presentation.

You can now buy the past research on your resort or club. All research is compiled from public records, internet and newspapers. If you are ordering the DIY Get Out book then the research with save you many hours of work.

If your resort or club is not listed to the right please email me at notimeshare@gmail.com to find out what research is available. I have information on lots of resorts, too many to list on the Buy Now buttons.


Order Research

Timeshare Datashare: Resort Occupancy Remains Strong in 2011


Provided by ARDA International Foundation
According to the newly released State of the Vacation Timeshare Industry: United States Study, 2012 Edition, the timeshare industry reported an average 78.9% occupancy rate in 2011, compared with a 60% occupancy rate for the hotel industry. (Source: "STR Monthly Hotel Review: December 2011" Smith Travel Research)
Owners, their guests and exchange participants accounted for about 64% of available intervals. Renters accounted for another 12%, while marketing guests contributed another 3%. The percentage of occupancy related to rentals is up this year from 10% last year.
                        Occupancy Breakouts
datashare 201206 

Source: State of the Vacation Timeshare Industry: United States Study, 2012 Edition, conducted for the AIF by Ernst & Young

With numbers the industry is seeing, why can't you get into the resorts? The average is 21% vacant. With 3% being used for marketing guests, why are they letting potential members stay at the resorts and telling the owner there is no room for him.

No Timeshare or Class Action

A lot of timeshare owners are putting together class action lawsuits against the resorts, something to be aware of is the time it will take to actually get through the lawsuit. These companies have lawyers that are paid to drag the lawsuit out as long as possible, and we are talking years, in the meantime you are still paying your monthly payments and annual dues.

I have spoken to several owners who sued their resorts and after years of court dates and having to separate the members of the class action because of different buying circumstances then refiling, in the end their attorneys will tell the members to settle on a smaller amount, then the timeshare owners will have to pay the lawyers up to 40% of the lawsuit settlement.

Some cases will need to go through the court system to find a settlement of any kind, but in the end it can be disappointing. No Timeshare cannot help everyone, but if I can then we will get you out of the contract and your money refunded without taking years or taking advantage of you by asking for a high commission.

Email us for a questionnaire, notimeshare@gmail.com

Does Bluegreen Miss the Grade?

Margins matter. The more Bluegreen (NYSE: BXG  ) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market.  That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, comparisons to sector peers and competitors, and any trend that may tell me how strong Bluegreen's competitive position could be.
Here's the current margin snapshot for Bluegreen and some of its sector and industry peers and direct competitors.
Company
TTM Gross Margin
TTM Operating Margin
TTM Net Margin
 Bluegreen 75.8% 19.1% (8.8%)
 Walt Disney (NYSE: DIS  ) 19.0% 19.0% 11.2%
 Wyndham Worldwide (NYSE: WYN  ) 51.5% 19.6% 10.2%
 Marriott International (NYSE: MAR  ) 12.7% 6.8% 4.0%
Source: Capital IQ, a division of Standard & Poor's. TTM = trailing 12 months.
Unfortunately, that table doesn't tell us much about where Bluegreen has been, or where it's going. A company with rising gross and operating margins often fuels its growth by increasing demand for its products. If it sells more units while keeping costs in check, its profitability increases. Conversely, a company with gross margins that inch downward over time is often losing out to competition, and possibly engaging in a race to the bottom on prices. If it can't make up for this problem by cutting costs -- and most companies can't -- then both the business and its shares face a decidedly bleak outlook.
Of course, over the short term, the kind of economic shocks we recently experienced can drastically affect a company's profitability. That's why I like to look at five fiscal years' worth of margins, along with the results for the trailing 12 months, the last fiscal year, and last fiscal quarter. You can't always reach a hard conclusion about your company's health, but you can better understand what to expect, and what to watch.
Here's the margin picture for Bluegreen over the past few years.
anImageSource: Capital IQ, a division of Standard & Poor's. Dollar amounts in millions. FY = fiscal year. TTM = trailing 12 months.
Because of seasonality in some businesses, the numbers for the last period on the right -- the TTM figures -- aren't always comparable to the FY results preceding them. Here's how the stats break down:
  • Over the past five years, gross margin peaked at 76.5% and averaged 69.6%. Operating margin peaked at 17% and averaged 13.4%. Net margin peaked at 4.7% and averaged -0.8%.
  • TTM gross margin is 75.8%, 620 basis points better than the five-year average. TTM operating margin is 19.1%, 570 basis points better than the five-year average. TTM net margin is -8.8%, 800 basis points worse than the five-year average.
With recent TTM operating margins exceeding historical averages, Bluegreen looks like it is doing fine.
If you take the time to read past the headlines and crack a filing now and then, you're probably ahead of 95% of the market's individual investors. To stay ahead, learn more about how I use analysis like this to help me uncover the best returns in the stock market.  Got an opinion on the margins at Bluegreen? Let us know in the comments below.

Bluegreen's Big Cedar Points

If anyone wants to get rid of Big Cedar Points, I know someone who will take them. They may buy but with the high maint fees probably wouldn't be able to pay much. But if you want to get out from under the fees, they will take them. They use Big Cedar but do not try and trade or go anywhere else. Let me know and I will put you in contact with them.