The Real Deal Miami

Bluegreen woes continue

March 17, 2009 10:09AM

Boca Raton-based time share company Bluegreen’s 3,000-person layoff and consolidation moves last year will help the company survive the current downturn, its chief executive said in a filing with the Securities and Exchange Commission. John Maloney said the company will have lower, but more efficient sales volumes. It lost 39 cents a share in the fourth quarter, swinging to a loss from earnings of 27 cents a share for the year-ago quarter.