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Strategies & Market Trends : Value Investing

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To: Wright Sullivan who wrote (3794)4/10/1998 7:51:00 PM
From: James Clarke  Read Replies (2) of 78510
 
I bought St. Joe at 18 (adjusted for the split and the return of capital dividend) and bought Tejon at 17 and sold it at 31. Tejon is fairly valued in my view (it could be worth 50 and it could be worth 20). The very interesting real estate play on your list is Florida East Coast because it has a catalyst. St. Joe will make another bid on FLA within the next year. Its the only way they can consolidate their land development franchise. No, I have not bought it yet, but I probably should.
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