BFC Financial

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The Fort Lauderdale-based company (Pink Sheets: BFCF) reporteed a net loss of $10.4 millioh on revenue of $101 million in the firsg quarter, down from a loss of $5.9 milliomn on revenue of $119.4 million in the same periode last year. Most of BFC Financial’d results stemmed from the performancse of two other Fort Lauderdale companies in which it holdsmajoritg stakes: BankAtlantic Bancorp (NYSE: BBX) and developer (Pink Sheets: Both are being challenged by Florida’s strugglinf real estate market. BFC Financial also owns a minorit stakein Miami-based (NASDAQ: BNHN). Taken BFC Financial had $6.
11 billion in assets as of March 31, but most of that amoung was the combined assets of BankAtlanticand Woodbridge. By itself, BFC Financial had $122.8 million in assets, including $7.6 milliob in cash and equivalents. That’s down from $131.w2 million in assets, including $9.2 millionh in cash and equivalents, at year-end. BFC Financial shares closed up 2 cents to41 cents. The 52-weemk high was 95 cents on Sept. 2. The 52-weemk low was 6 cents on Feb. 5.