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Strategies & Market Trends : Value Investing

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To: TAPDOG who wrote (6142)	3/1/1999 11:35:00 AM
From: Wright Sullivan	Read Replies (2) of 78476

Yes, my opinion is that JOE has the best assets and a management team who knows how to develop it. TRC has loads of raw land an hour north of LA, but my understanding is that some is developable soon, but by far most is not. JOE on the other hand has miles of stunning beach property and is moving right now to develop it. This will be a long process but should start to bear significant fruit in the next couple years. Therefore I see JOE as both a relatively safe asset play as well as having huge growth potential. If you're interested, I can post some links to extensive local newspaper articles which give a much better perspective on JOE from ground zero, in the Florida panhandle. I don't have time to gather and post this info right now. Caveat: I am an engineer, not a real estate person. But JOE is not very complicated.

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