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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We're pretty much at the end of the current bull rally in the secular bear market, and with it will come the end of the fiction about the bottom of the real estate market being in. Since JOE is all about the value of land held for real estate development, prepare for a long winter in this stock. This company may not survive the current decade.