Since this is a timeshare board, if you have a strong stomach, you may want to look at Bluegreen - BXG. They historically trade at $6-7 and over the years have gone into the teens from time-to-time. There are negotiations going on with Diamond for Diamond to purchase Bluegreen. The original offer was $15/share although I doubt that is still on the table. Anyway, with it now trading below $4.00, it looks good to me. But, it does have risk. In addition to the Vacation Club, Bluegreen has a residential communities side and we all know how the residential market is looking.
In the end, some of the major questions you need to answer are: How much time do I have to wait for a return? How much risk am I willing to take. If you have time and a strong stomach, I think things will turn around, but all the experts are saying it won't be for a while. I figure this disaster has pushed retirement back at least 3-4 years for me if not more.