But the market looks forward by 12-18 months.
Comments in Business Week related to recent Fed moves suggest that it takes credit changes about 1 year to make their way through the system before they play a role in supporting demand.
This suggests that if anyone's looking for the bottom, an appropriate time horizon might be end of 2008 before Fed moves, "stimulus" and other changes work their way through the economy. There's also a risk they may not work at all.
Also, management has become much more active in telling the company story. You can see some presentations on their web page that might give some of you data junkies some good statistics on what recent land price per acre has been in some of their projects.
http://www.joe.com/web/
FD: I own a small position of JOE that I purchased at $29 per share - so salt comments to taste. Hope this adds to the collective wisdom.
