Is JOE worth buying ???

Actually the print of 34.79 in the after market is some hedge fund that is SHORT Joe marking DOWN the stock to decrease the loss that the position generated today. When I was in the hedge fund business , we would mark up and mark down positions everyday. The price in the newspaper will show JOE closing at 34.79 and that is the price the prime broker will use when they do the daily profit and loss report. But JOE will open tomorrow at 35 and change. If you want to see crazy price action watch trading on Dec 31 this year and then the marks in the after hour trading.
I am already doing tax planning. I have gains this year from the stock market that I am pairing off against real estate that I am selling to realize those losses. Thanks for the advice, though.

all in all i think this will be positive for joe - they appear to be getting back to their core competency (cost basis of raw land). essentially, they are getting out of the end user market & into b2b. the will now focus on adding value through the entitlement process - this compressed value chain will likely prove them to be a much more flexible organization in this current state of turmoil.

Their maybe some longer term value there, but i personally would want more clarity as to how they will proceed strategically, what assets they are holding on to, & a little more about the stock repurchase &/or future expected dividends. otherwise, you would think their is going to be some volatility & hence opportunity in the short-run.

Dude - Strategy ... What strategy? I have some undeveloped or underdeveloped land, make me an offer. That ain't much of a long term business plan. Sorry, I fail to see the positives for Joe or this area at this juncture. Hopefully, I'm wrong.

sowalgayboi...before you have to retract another statement on here, please consider what you are posting before hitting the submit button. Thanks.

How do you suppose Joe's "restructuring" will affect their support for the new airport?

sowalgayboi...before you have to retract another statement on here, please consider what you are posting before hitting the submit button. Thanks.

Same thing occured to me yesterday.

How do you suppose Joe's "restructuring" will affect their support for the new airport?

I've wondered the same thing. Goodwitch I am posting this link for your "enjoyment" and also for SHELLY, who I know must love Diane Roberts.

Diane Roberts knows how to tell a story but it is always one-sided. In this case I think I am coming around more to her opinion on this one:

http://www.sptimes.com/2007/10/09/Opinion/A_boondoggle_in_the_F.shtml

Here's yesterday's St. Pete Times story on Joe. The comments at the end are typical. I actually talked to a condo developer in Tampa a couple of weeks ago who told me that he thinks what has been happening in the Panhandle is "horrible." :funn:

http://www.sptimes.com/2007/10/09/Business/Fla_developer_calls_r.shtml

Thanks, Too Far...Diane is always a good read.

It will be interesting to see how this all plays out.

How do you suppose Joe's "restructuring" will affect their support for the new airport?

The "Airport" is the only arrow left in its quiver, they've got no other choice than to fight for it to the death.

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They really call it"Rightsizing" instead of "Downsizing".

JOE calls it "Accelerating Value Creation".....:roll:


I call it "Saving One's Arse."


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I've wondered the same thing. Goodwitch I am posting this link for your "enjoyment" and also for SHELLY, who I know must love Diane Roberts.

Diane Roberts knows how to tell a story but it is always one-sided. In this case I think I am coming around more to her opinion on this one:

http://www.sptimes.com/2007/10/09/Opinion/A_boondoggle_in_the_F.shtml

Thanks for the link to D. Roberts' story...nicely written--and smack on. I bet her English and writing classes at FSU are sold out every semester.




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Shelly, thanks for your well wishes. Do you tell your parents daily of their imminent demise? They should have someone check the plug regularly on their ventilation machine to make sure you haven't "tripped".

How do you suppose Joe's "restructuring" will affect their support for the new airport?

Certainly sounds like things are moving straight ahead...

http://biz.yahoo.com/bw/071010/20071010006151.html?.v=1

When these types of things happen, many good people lose jobs, and that is the sad part about what is happening. From the business perspective, however, I do not view any of these changes as surprising or negative in any way. WaterColor and WaterSound already have completed amenities and infrastructure, so the real issue relates to who will manage and maintain those going forward. I can almost guarantee you that the company that takes over managing the beach club and inn at WaterColor will be a company with a very prominent reputation as a first-class operator of resort properties. St. Joe never had experience running hotels or resorts prior to WaterColor. Thus, the new partners that are brought in likely will do a better job of managing the properties and maintaining the amenities and service levels. The real estate market is down now, we all know that and many prior message threads have been devoted to that subject. But these recent changes by Joe relate more to the management and operation of communities (particularly at WaterColor, where Joe had already sold off its spec homes and lots -- with the exception of Phase IV). Joe's strong suit never has been to manage and operate resort communities and there are companies that do nothing but those tasks that are better suited to perform those tasks.

I also would guess that many of the Joe employees at WaterColor who are in sales will land on their feet with other realty companies in the area. The employees at the inn, beach club, golf, etc. probably will land on their feet with the new companies that take over these operations.

In short, I think all of the negativity surrounding the real estate market is translating over into how Joe's recent announcment is being viewed.

When these types of things happen, many good people lose jobs, and that is the sad part about what is happening. From the business perspective, however, I do not view any of these changes as surprising or negative in any way.

I also would guess that many of the Joe employees at WaterColor who are in sales will land on their feet with other realty companies in the area.

In short, I think all of the negativity surrounding the real estate market is translating over into how Joe's recent announcment is being viewed.

The current real estate market is definitely the major impetus for their changes, but the ways in which they have chosen to deal with it (telling employees less than 45 minutes before the news hits the AP wire for example) and its effect on the community is why people are reacting the way they are.

Shelly, thanks for your well wishes. Do you tell your parents daily of their imminent demise? They should have someone check the plug regularly on their ventilation machine to make sure you haven't "tripped".

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Thanks for the link to D. Roberts' story...nicely written--and smack on. I bet her English and writing classes at FSU are sold out every semester.

I found the tone of the article a bit condescending towards the area. Funny how otoh we are the boondocks yet she goes on to compare the present airport in PC to LaGuardia, Reagan National, and Logan airport. I may comment more later but I've gotta go clean the swamp mud out from between my toes. Maybe I can go to Tampa one day and get some shoes.

"In the long run, we're all dead."

- John Maynard Keynes​

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You got that right.

I found the tone of the article a bit condescending towards the area. Funny how otoh we are the boondocks yet she goes on to compare the present airport in PC to LaGuardia, Reagan National, and Logan airport. I may comment more later but I've gotta go clean the swamp mud out from between my toes. Maybe I can go to Tampa one day and get some shoes.

I drove past the airport property again the other day. It's still the boondocks. :roll:

We have some nice shoe sales going on here in Tampa.

I found the tone of the article a bit condescending towards the area..

And what part of the piece would that be?


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You got that right.

I know.

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I drove past the airport property again the other day. It's still the boondocks. :roll:

We have some nice shoe sales going on here in Tampa.

Yeah I drove by too and after giving the matter deep and lengthy thought (how long since my last post?) I agree it is the boondocks. I apologize for my previous outburst and will use a trick I saw in another thread--I now consider the matter closed.

Yeah I drove by too and after giving the matter deep and lengthy thought (how long since my last post?) I agree it is the boondocks. I apologize for my previous outburst and will use a trick I saw in another thread--I now consider the matter closed.

"yabba dabba do"

Fred Flintstone

"yabba dabba do"

Fred Flintstone

Professor Emeritus of The Cartoon Channel I suspect.

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