The St. Joe Company (NYSE:JOE)
CAPS Rating:
A real estate development company which is engaged in town and resort development and operations, commercial and industrial development and rural land sales.
A real estate development company which is engaged in town and resort development and operations, commercial and industrial development and rural land sales.
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I believe they won't drop prices on anything no matter what.They are overpriced,over rated, and will continue to do as they have always done.The only thing they are selling is timber and at the present rate they will run out before it will be replanted and harvested again.(25-30 years) They are under green belt protection but should't be because they don't plan to replant and they are making money by leasing the land for hunting purposes