From Reuters on Yahoo this morning. We'll see...I wouldn't bet my life savings on JOE, but I'm glad I invested what could turn out to be a year of the kids' college someday if JOE continues on this path... (now, what to do about the other 7 years of college since we have two kids...):
NEW YORK, June 19 (Reuters) - The St. Joe Co. (JOE.N: Quote, Profile, Research) , one of Florida's biggest landowners, is poised for strong earnings growth in coming years as more baby boomers scoop up building sites in the Sunshine State, according to analysts interviewed in the June 20 issue of Barron's.
Shares of the Jacksonville, Florida-based company, which sells land and develops residential and commercial properties, have more than doubled to over $80 in the past year, helped by rising housing and land prices in Florida.
Sheila McGrath, an analyst at Ryan Beck & Co., expects St. Joe's profit to jump almost 50 percent in 2005, to $1.65 per share. That compares with $1.11 per share, excluding special items, earned last year.
McGrath expects the company's profit to jump to $2.21 per share in 2006, based on expectations of increased sales of rural acreage, Barron's said.