St Joe Company (JOE)

[56Chevy]

St. Joe Eyeing Residential Resorts; Right Time to Buy?

The St. Joe Company (JOE - Analyst Report) is making concerted efforts to maximize shareholder value by focusing on its residential resort communities, primary homes and the active adult residential market. The company is now reaping benefits from the commencement of its private membership club, St. Joe Club & Resorts that was done in first-quarter 2014.

Also, St. Joe is exploring potential opportunities to sell assets that are not a strategic fit to the company's core real estate development activities such as residential lots, timber land, rural land and/or related timber rights. On the other hand, the company continues to explore new commercial and industrial uses for its land portfolio. Notably, a significant amount of the company’s land is strategically positioned near the Northwest Florida Beaches International Airport and the coast of Gulf of Mexico.

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http://www.zacks.com/stock/news/146926/st-joe-eyeing-residential-resorts-right-time-to-buy

Marker:
ST. Joe Co. (The) (JOE)
$18.62 up 0.1 (0.54%)
Volume: 660,797

FD: I do not own shares of JOE at this time.