GreenWaveDave said:
I think I created a monster.
Maybe we should just close this one out, learn from our mistakes, and move on to a new thread.......
GreenWaveDave:
The topic is a very useful one. I have some Joe stock and am holding on to it. I have mutual funds that range from conservative to risky to balance the risk with Joe. And I own property that I love and will always love in SoWal so I'm emotionally as well as financially invested in the community.
I was concerned, though, that most real estate discussions are now being hijacked by one-track-negative thinking and it was getting hard to learn anything or build on each other's comments. I felt like one or two people were getting their thrills from "yanking our chains" (as we used to say growing up), so the discussions were getting increasingly tiresome rather than helpful. So, let's see if we can get back on track with this one because understanding Joe, as well as other real estate issues, can be very interesting and useful.
As for me, I'm hanging in there with Joe, in part, because I don't have too much invested -- just enough to make it interesting. I've read the book Green Empire and I felt it was cautiously optimistic about Joe in terms of Joe's impact on the environment (that was my read of it, someone else could have read it differently). I watch the analyst reports and they are all over the map regarding Joe, though most suggest holding on to stock (and I assume they know about the CEO selling shares). The analysts on Yahoo say "hold" or "buy" -- not sell. Schwab rates it poorly. Reuters says the average is "outperform" with "buy" and "hold". Standard and Poor gives it a "b" which is low-middle in their rankings.
Personally, I try to think long-term and not short-term. For example, I ask myself whether the active and powerful hurricane seasons are a long-term or short-term thing and does this make it bad for 30A or will it increase values on 30A because so much of the area is so high up on dunes. I assume people will continue to want to move to Florida and the coast, and they will be increasingly interested in places with high elevations. And, of course, I do my best to make the SoWal community the kind of community people want to buy into so that they, too, can enjoy "the good life".
So, thanks GreenWaveDave for starting this thread.
How depressing!!! I certainly wouldn't want to go to work everyday and surround myself with negative people. Would you?
at this entire discussion....perhaps we can call ourselves
