On top of everything else going on with Berky, his pals, Lampert and Mnuchin, really stuck it to him with Sears. Who needs friends except politicians? Politicians need friends to supplement their public service salaries so they can be multi-millionaires when they leave office and/or take lush executive jobs that require no work.
Berko likes land for various reasons and St.Joe has a lot - including lots of beautiful coast. Low valuation stock with lots of potential. But slow going, Berko has owned it for years now...