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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (12463)	5/14/2001 8:10:55 PM
From: Paul Senior	Respond to of 78998

Yes, Dale, we know JOE on this thread. And FLA. JOE's a stock I've been watching intermittently for maybe 25 years. Never did take a position until some folks here about a couple years back convinced me it was not too late to start. I did, stock moved up smartly, and I sold (4/'00 @ maybe $27.5 and before the 10/'00 $9.39 div.) Looks like I should've held on. I say if anybody's in JOE now and they've got patience, they should continue to hold. Stock ought to do well over next few years, just as it's done well for patient investors over the past many years. Maybe value will be even more quickly realized since they are trying to develop land holdings and, with the new management of the past couple of years, are more stockholder oriented. I muffed chances to reenter JOE at prices under 20 (vs. today's 25). I'll try again if it gets near lows. I'm responding to requested opinion on JOE, but I must state that there are people on the thread who've met or spoken with management, visited JOE properties, and looked really closely at the company's assets and the company's strategic plans and potential. I've done none of these things. So I defer to those here who are more able to ascertain whether JOE might be a buy (or hold) at current price. Paul.