FYI:
Rummell to step down at St. Joe
Peter S. Rummell, who has led the transformation of St. Joe Company from paper-maker to place maker, is stepping down as chief executive of the Jacksonville company in mid-May.
Rummell, a former Disney executive, will remain chairman and be replaced in the top executive spot by Britt Greene, St. Joe's president. The publicly traded company, which owns about 700,000 acres in Florida, continues to suffer from a weak residential real estate market. It reported 2007 earnings of $39.2-million or 53 cents a share on revenues of $377-million compared to net income of $51-million or 69 cents a share on revenues of $524.3-million a year ago.
-- Kris Hundley, Times staff writer
Replies
31
SWGB
I never understand the Joe bashing on here and in other places as well. St. Joe could have come in and clear cut all of there holdings, erected the cheapest possible homes, sold, and hauled arse. They didn't. They HAVE set aside huge areas of land for preservation. They HAVE created jobs that did not exist in the area. They HAVE given back to the community.
SHELLY, as to your comment about the earnings. I wish I had the foresight my Uncle had when he purchased almost bankrupt Joe stock. Needless to say he hasn't worried about the economy since.
SHELLY, as to your comment about the earnings. I wish I had the foresight my Uncle had when he purchased almost bankrupt Joe stock. Needless to say he hasn't worried about the economy since.
Beach Fanatic
He may be using the term, "crystal ball," generically, referring to his indestructible "Magic 8-Ball."
My magic 8 ball has never been wrong! My crystal ball, not so good...
Beach Fanatic
They HAVE created jobs that did not exist in the area.Sometimes JOE giveth, other times it taketh away. ;-)
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Beach Fanatic
Maybe he will take the Big Blue Signs back to Disney when he goes....
SoWal Expert
Even JOE needs a good bashing regarding some things. I do feel they have done many things with the environment in mind as they are developing, even though wins for one are often losses for the other. I think this thread is more related to the stock price of JOE, rather than WaterSound and WaterColor. Gayboi, you could have bought JOE a few weeks ago and be sitting pretty good right now. Timing the market is difficult at best. Just ask the numerous people who bought it at $70+.
SWGB
Very true Joe, remember the other thread that everyone laughed at it being one of the 2008 stocks to buy?
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