Something is wrong. This co should have breaking news every week. People like soros and buffett would be buying this kind of co if it was that good. You think they dont know about the airport? Maybe without the airport we'd be back at 35 where I bought it. Gang, energy stocks are where the money is. In fact if oil and gas get too high it will surpress land prices not the other way around. Go to my website to read my posts. The stock is now around 61.50 and I may even short it as I am asking myself what breaking news could this co possibly release to make the stock dramamtically increase suddenly. All the cards are on the table...including the inflated salaries and inability to get rid of this land. Hell, maybe they could sell all of it to the government to put all the katrina victims. But sell this land at a discount, just sell it already! They want to play paddycake and build luxery communities that sell slower than hot coals in the desert.
Very good posts, Mince. Spot on. My top holding today is up over 3.5%. It is in the O&G sector. I totally agree with the O&G part of your post. I think I'll go and check out your webpage.
My pleasure. I have learned a great lesson from holding JOE. That is that no matter how great the story and prospects, the co. still has to keep making more money than the year before or it goes down. period! Yhis co has no increase in earnings year over year according to the last annual report. Funny how we all "thought" they were as co's have PR departments , some slick enough to make us hear what we want to hear. Who cares if this co is sitting on the whole state of florida if they are selling 100 acres a year. From what I see they are getting premium dollars for the land but would be much more profitable if they just went middle class and sold the land by volume to developers who make communities for the rest of us, not the top 1/10th percent. I mean, how many of us could really afford to live where JOE is now building communities, and as many posters have pointed out............they are not even selling out! Not by a long shot. Yes this co has enormous potential, but for my buck I am going to wait till I see the co get a bit more aggressive. HELL. If I wasa getting compensated liek the execs here are, I would do "one thing at a time" also. I think this co will one day offer a great opportunity. I just wont buy any now. An airport may not make up for 50% compensation to employees. Oh....and while we all rode this baby up to 85, did anyone wonder why the alfred dupont co waqs dumping millions of shares???? Too many unknowns for me. And yes, I re-iterate that oil and gas co's and also coal is far better place to be right now than land. Not so interest rate sensitive. Anyone check out the huge divvy on FDG and PGH. Good luck to all longs.