Warren Buffett’s Succession Triggers Search for His Spiritual Successors
Warren Buffett's step back from Berkshire forces a harder question: which public companies actually run his playbook, and how close do any of them get to the real thing?
Headquartered in Panama City Beach, FL Fiscal year ends December NYSE: JOE joe.com
The St. Joe Company (NYSE: JOE) is a diversified Florida real estate development, asset management and operating company with assets and operations concentrated in Northwest Florida. The company operates across three core segments: Real Estate (residential homesite development and sales, commercial land sales), Hospitality (hotels, the Watersound Club membership program, and related resort operations), and Leasing (commercial, office, retail, multi-family, self-storage and other properties). St. Joe holds approximately 165,000 acres of land in one of the fastest-growing regions of Florida and has a residential homesite pipeline exceeding 25,000 units. The company owns 12 hotels with 1,298 operational rooms and manages approximately 1,196,000 square feet of leasable space at 95% occupancy. St. Joe also participates in unconsolidated joint ventures, most notably the Latitude Margaritaville Watersound community planned for 3,700 homes. The company operates an integrated ecosystem spanning residential development, hospitality, commercial leasing, brokerage, title, and insurance services. Updated
Warren Buffett's step back from Berkshire forces a harder question: which public companies actually run his playbook, and how close do any of them get to the real thing?
Bruce Berkowitz has built his entire Fairholme portfolio around a single Northwest Florida land developer, and the boldness of that bet raises a question every retail investor should answer before following his…
One institutional fund has staked nearly its entire portfolio on a single Florida land developer, and the billionaire behind it just started selling shares at record highs while keeping the bet intact.
Bruce Berkowitz is among the most prominent hedge fund managers, known for his focus on concentration at his Fairholme Capital management fund. This concentrated strategy has been influenced by the investing principals…
Legendary value investor Bruce Berkowitz likes to bet big on just a couple of stocks. His Fairholme Capital Management owns just seven stocks. When he is right, he hits massive home runs.…
Famed value investor Bruce Berkowitz is the founder and chief investment officer of Fairholme Capital Management. He was once named by Morningstar (NASDAQ:MORN | MORN Price Prediction) as the stock fund manager…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday. Freeport McMoRan Copper & Gold Inc. (NYSE: FCX) cut to Neutral at…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. AK Steel Holding Corp. (NYSE: AKS) cut to Sell at Citigroup. Atmel…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. As usual for the week between Christmas and New Years, the…
courtesy Green Mountain Coffee Roasters Inc.David Einhorn of Greenlight is well-known in investing, and not just for being long. This is called whale-watching. His comments today at the Value Investing Congress are…
Earnings season may be winding down but there are still sector-moving companies due to report earnings this week. We will be watching earnings for AutoZone Inc. (NYSE: AZO), Tech Data Corporation (NASDAQ:…
Next week looks like the wind-down of earnings season with the exception of the off-calendar quarter companies. There are no DJIA components we saw on the calendar but there are several big…
Jon OggThe ongoing fight for how to run The St. Joe Company (NYSE: JOE) is heating up and taking a strange turn. Bruce Berkowitz, whose Fairholme Capital is a near-30% owner of…
These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. This morning we have two key updates from late yesterday afternoon, followed by our…
These are not all of the research calls affecting shares of stock, but these are some we have our eyes on this Monday: Alliance Bernstein (AB) Raised to Outperform at KBW. Arkansas…
The St. Joe Company (NYSE: JOE) is a diversified Florida real estate development, asset management and operating company with assets and operations concentrated in Northwest Florida.
24/7 Wall St.'s 12-month price target for JOE is $40.87, rated Sell. The Wall Street consensus target is $19.00. JOE price prediction →