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The St. Joe Company Message Board

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  • MINCE38 MINCE38 Apr 5, 2005 7:08 PM Flag

    management taking lions share!

    mince, you wrote: "I dont understand why the SEC has no caps on management compensation!!!!! Its a disgrace. This stock should be a double by next year easily and yet we are being raped."
    I prefer capitalism! Let the market speak on these issues, NOT the government! Maybe JOE will double in the next year! Heck it pretty much doubled during the last year! That said, it does appear that management is VERY well compensated.
    Cheers

    Mince here,

    Thats what I am afraid of. that the market will speak on these issues, especially as all the mega millions of stock options that management has vomited on the public and diluted the float cause this baby to crack. After all, isnt supply and demand always the end factor? Look at this another way......maybe if management and insiders didnt dump so much stock, this puppy could be 70(again)? 80? 90 or more right this minute. Yet as i said previously, i do own this co and am praying for a miracle because the "real" book value per share is rediculously high! Let us all pray. I am not a basher, I DO OWN THIS STOCK!

    Mince

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    • please remember when comparing athletes and eras....one can only judge them based on their own times

      facts like the Babe did hit against tired pitchers in the late innings, and not against relief specialists who could throw their arms out for 2 inning......so we can only compare him to his peers.... he was the first athlete to really gain incredible fame, and not doubt was great for the game

      BUT...please also remember as to comparing him with his peers...that the Babe only played against the best white players... exhibitions between the negro league players and the majors showed them to be at least their equal (and we can surmise they were better)... the Babe did not hit against satchiel page until he was already a fairly old guy.... etc etc

      I grew up in the same era as blackie... but was luckier..had deep respect for Ernie Banks in Chicago.. stan the man in st louis...but. I was a dodger fan and my first full year of following baseball was when I was 9 in 1954...I saw willie mays make his famous world series catch off vic wertz on tv. Being in New York with friends divided amongst the dodgers, yankees and giants... with three hall of fame center fielders... was also a great era for the game (it was mine)... and as it was the first time the game was intergrated... saw a level playing field for the first time...

      dimaggio for all his glory also only played against half the competition

      and steroids aside... Barry Bonds on base percentage last year is more phenomenal than any stat ever recorded... in all my years of following baseball, I have never seen the intentional walk used in situations that became routine for him.... they did not do that to willie mays, mickey mantle, babe ruth, hank aaron or anyone... his discipline at the plate ranks him (again steroid discussions aside) as by far the greatest person to ever play the game... he was on base 6 out of 10 times!!!!!! and if you read "moneyball" and how he stressed OBP... and being reminded that the object of an at bat is not to make an out... kudos to bonds...

      meanwhile met with a couple of wealthy investors today... flipping land is their game.. and they are bidding properties up to 35 million that would have gone for 2 just 3 years ago.... so (watch me put this together as a biz post) remember, just like babe ruth only hit against white guys... chicagoblackie is basing his opinions on stats without even going to the ball park and and while he might know the rules of the game...does not have a clue...(I keep saying that don't I?) as to the local ground rules

      we have a short porch here blackie. and there are home runs being hit daily

      and even though I hated the yankees, I also knew that the mick was better than my hero duke snider .... JOE IS THE YANKEES...; and even if you do not like them.... all things considered... still the way to bet!!!

      the charts will be like old box scores...in the end it will be...those with the most runs win!!!!... it is the land...the land...the land

      keep your eye on the ball sports fans

      and blackie.... whenever your cubbies get close, I root for them...that said, I remember when I was a full blown met fan (finally switching my allegiance from the dodgers) it was 1969...man on the moon summer...woodstock... but I was in chicago in late august on my way to meet friends in madison, wisconsin.......and remember the mets passing the cubs... and then leaving them in the dust

      I feel for you... felt good for red sox fans last year.... I hope you live long enough to see the cubs win it all

      meanwhile bet on JOE

      • 1 Reply to auroleon
      • thought you were a yankee fan...my olive branches never quite hit the mark on this board...as a dodger fan, you were no better off than me until 1955.

        one little known story about the 1954 series and "the catch:" a lefty was brought in to pitch to wertz by the name of Liddle (i believe). after getting wertz out on the 460 foot drive to center, Liddle was taken out of the game, walked to the giant dugout, slammed his glove on the bench and crowed, "OK, I did my job!"

        i was a big bonds fan until the steroids because i think he understands hitting better than anyone today. i agree his numbers are matchless but nothing he has done compares to how ruth dominated his time. ruth created a whole new game strategy from smallball to the three run homer which prevails today. he nearly abolished the stolen base for 40 years even though he led the yankees in steals the first few years he was on the team.

        regarding JOE, the land may be valuable, but your manager is not playing on your team. you saying i don't have a clue is like rick patino telling barry bonds he doesn't know how to hit a baseball. you know real estate, not stocks. it is about the land, with two problems--you think the stock s/b valued on the basis of extrapolating the value of one parcel of land. there are many variables that go into the marketcap of a stock, and you don't have a clue about any of them except one and you haven't even thought that one through properly as it applies to value. JOE land value over 100 years can't be considered in the same way KMART land that can be sold forthwith.

        good luck to you too. i better live long enough to see the cubs or the sox win the series because my son doesn't care. on the other hand, i am not optimistic as usual. regarding chicago baseball, the pessimism applies to all of my aliases, even the sunny ones.

        actually, its been tough playing my cranky part here lately, and it is threatening blackie's vile reputation. the sunny side of this entity has been crowding blackie out and once in a while i need a sabatical to go play sunshine for a while, who btw, abhores confrontation of all types.

 
JOE
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