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 as lenders tighten credit and the U.S. Central Bank attempts to fight inflation, that this company will be one of the hardest hit during the ensuing housing crash.It has a huge P/E multiple and the only moat that supports can claim for it are, "Well, everyone wants to live in Florida!" But at what price? The company doesn't answer that one very well.