St. Joe Company (JOE) Message Board

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Strategies & Market Trends : St. Joe Company (JOE)

JOE 55.01

+12.1%

3:59 PM EDT

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From: JakeStraw	12/28/2011 8:26:23 AM
	of 93

From Zacks - We are changing our long-term recommendation for The St. Joe Company from Neutral to Outperform, driven by its future growth prospects. St. Joe is one of the largest real estate developers in Florida. The company is presently focusing on developing the adjacent area of the Panama City-Bay County Airport, which was opened in late 2010, to increase the future value of its holdings. St. Joe is currently in defensive mode and continues to reduce capital expenditures through stringent cost-cutting measures and reduction in operating expenses. The elimination of debt greatly reduces the risk to shareholders. In addition, the company has adequate liquidity to satisfy its near-term working capital needs and capital expenditures. Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. finance.yahoo.com

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