Is JOE worth buying ???

[robertsondavies]

proud owner of a wee bit of JOE now, so I'm sure it's heading significantly lower....

but I'll take some here at 33.55 and take my chances...

I know not many agree with me about buying it now, but then again, where were all the bears when JOE was at $80. it's ok being lonely...

If Dean hits, I'll be buying in the 20's...

 

[gardening1970]

I'm with you Robertson. I added to a small JOE position here. I bought in intially around 37 several years ago with the intent to hold long term. Should have sold at 80. But you gotta love their assets.

 

[Biff]

Time for another Cup O' JOE at <35...<34...<33?

JOE has sold off all 17 of its office buildings (there goes that revenue down the tubes)--what are they going to sell for "income" next?

kinda reminds me of an old joke:

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A farmer walks into a bar with a three-legged pig. The bartender asks, "How come that pig's missing a leg?"

"Well," says the farmer, "there was a big fire. My house burned right down to the ground. My family and I all would have burned up with it if this pig hadn't come into the flaming, smoke-filled house and dragged each of us out, one by one."

"Wow," says the bartender, respectfully.

"Yep," says the farmer, "and you just don't eat a pig like that all at once."

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[robertsondavies]

i do love their assets, although I haven't always agreed with their valuation...

it'll probably be $25 soon... but this kind of lets people know where their property values have gone... JOE was up at $85, now at $33 and falling.

2008 is going to be ugly.

 

[goofer]

NO pain no gain. OUCH !! own 1000. bidding 32 for 500.

 

[SHELLY]

NO pain no gain. OUCH !! own 1000. bidding 32 for 500.

Goofer,

Congrats...yours are made of brass!

This one's for you: YouTube - Leadership - Glengarry Glen Ross (Warning: Strong language)

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[goofer]

One of my all time favorite movies !!!

 

[drsvelte]

Goofer...

Hey, good for you. JOE is seriously oversold here and the huge volume may be a near a short-term bottom.

I've got a buy order in at 30 and then at 26.

 

[robertsondavies]

thanks.... g g ross... defining great dialogue...

isn't that what we have going here? a dialogue?

...at least Goofer and I have a dialogue....

JOE is down what 60% or 70% from its highs.... I say the stock is closer to being a buy than real estate in South Walton, an area that I love. I'll let the stock form a bottom in here now at 1997 levels...... i invite people to short this stock now.... I welcome the "built in" demand.

I used to be the so called built-in demand, on JOE a while back.

I know a trend when i see one.... and JOE is not going lower than 25, and may not go lower than 33 for that matter.... so its time to buy if you like South Walton, but don't own enuf of it - like me. I suspect that many own too much of the physical SoWal at this point, to partiicpate in the liquid proxy, J-O-E.

Yeeee HAWWWW... let's get this thing down a few more dollars so we can get in more substantially.

 

[SHELLY]

I know a trend when i see one.... and JOE is not going lower than 25, and may not go lower than 33 for that matter.... so its time to buy if you like South Walton, but don't own enuf of it - like me. I suspect that many own too much of the physical SoWal at this point, to partiicpate in the liquid proxy, J-O-E.

Yeeee HAWWWW... let's get this thing down a few more dollars so we can get in more substantially.

RD,

I'm assuming you are going long JOE. That being the case, convince me that buying JOE now--and at this price point--is a good investment. Can you do that without using the words and phrases, "$2,000 an Acre," "Baby Boomers," "Airport," "Disney," "Jungle Jim's Wild Animal Farm," and "Erik Estrada?"


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