St. Joe Corp. (SJP) Message Board

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Non-Tech : St. Joe Corp. (SJP)

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To: richard jaegers who wrote (1)	3/3/1998 3:56:00 PM
From: James Perry	Read Replies (1) of 11

For the minute it is giving the best of all worlds...conservative real estate investment that has a very steady price in the market, on a day to day basis, so that it is a good portfolio anchor. Last year they paid over $10 a share as return of capital from sale of sugar operations and a block of land to the state. They picked up a real estate man from Disney, a real estate management company, a golf course company, a restaurant company and an entertainment company. The charitable trust has dropped a huge block of stock. Not many have noticed yet, but St. Joe has started to rock and roll - and they have all that land in Florida to play with. I think it is a fine investment, so far, but it should get better.

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