Then, come to find out I missed the "Mother of All Squeeze Plays" and JOE selling their soul to the devil by bringing Berkowitz and Fernandez on to the board of directors!
But, what I find most disturbing, is that our area has now become Fairholmes' Biyatch, and anyone who knows anything about this type of (in Fairholmes case) "non-Hedge Fund," they're all for wringing out every single, bloody dollar they can get to gain profit for themselves and their shareholders...good news for JOE stockholders(?) but discomforting as to the future direction of this area.
It's the NYC attitude. When we and our daughter visited Columbia University in NYC when she was deciding on colleges, the Columbia tour guide (a student) referred to Atlanta as being "in the country" and literally asked us if we had indoor plumbing. I told him to f himself. It made me very angry. Our daughter had already been accepted, so they couldn't renege on her acceptance.What did you think of this shot at the end of the Wall Street Journal article: " The company began developing luxury master-planned communities in the area, which is often derided for its deep southern feel and muggy climate."
On Monday, St. Joe's financial report included a $328 million loss in the fourth quarter, accounting for nearly all of the 2011 loss. Brady said St. Joe will continue to invest in some of its current projects "where the investments meet our risk-adjusted return criteria in line with our new real estate investment strategy."
He said spending will be focused on the company's Venture Crossings at the Northwest Florida Beaches International Airport north of Panama City, on a home community called Breakfast Point in Bay County, and on RiverTown, a 4,170-acre master-planned community in St. Johns County not far from Jacksonville.