I hope everyone had a Merry Christmas, and I wish all a Happy New Year next week. I will send out the regular newsletter this evening.
In an article published in Fortune Magazine December 14th, St. Joe was among Fortune’s top stock picks for 2008. At the time the article was written, Joe stock was trading at $28, now it is $34.19. It once traded for more than $80 a share in 2005. With St. Joe owning 710,000 acres, with more than 300,000 acres situated within 10 miles of the coast, analysts speculate that their land holdings average at $3,700 per acre, minimum totaling $2.6 billion.
Read the entire article here.
For St. Joe’s stock activity, click here.