in view of blackstone buying Hilton Hotels ( i wonder if paris is part of the deal) is it worth buying JOE as a speculation?? I have been waiting for JOE to hit 40. Granted that HLT and JOE are separate biz models but there has been alot of activity in the reit sector regard buyouts this year and I am wondering if the next activity will be in companies like JOE or even some homebuilders who are selling at or below book value. there is an excellent research report by smith barney that was published thursday that is really good, discussing homebuilders and the recovery that THEY think will start next year. after the reset of adjustables in the next six months and the subsequent flush, maybe the recovery will start next year But in any event is it worth putting some money into JOE now (25%) and waiting ?