Cil said:
Sweating bullets or merely facing reality by looking at the bottom end?
These guys are businessmen, not Snidely Whiplash.
When the
businessmen are holding a boatload of JOE stock (which they are), they're probably more than a bit sweaty over the prospect that the "other shareholders" will continue to bail out when they see more red on the this quarter's income statement.
JOE has been striking out in unexpected ways in order to gain revenue...like selling club memberships at $20K a pop--
but only if you act before Jun 30 (coincidently the quarterly financial closeout date). They also are attempting to remove some of their competition (i.e., resale property inventory) from the market by giving current investulators a "get out of jail free" card (aka: 2-yr extension on buildout dates), so they can (hopefully) sell off their own glut of lots.
I'm sure the imagineers are working overtime at JOE trying to come up with inventive ideas to pump up revenues. Their last quarter was awful--and as I see it this quarter isn't looking any better.