Jasseica Toonkel at Investmentnews wrote a good article on Bruce Berkowitz and how he is coping with the $20 billion asset under management, entitled :Is Bruce Berkowitz Slipping.
What I found the most interesting is the following paragraph is which Berkowitz disclosed his change of heart in the past two months on the St. Joe & Company:
Read the complete story at Investment News.
What I found the most interesting is the following paragraph is which Berkowitz disclosed his change of heart in the past two months on the St. Joe & Company:
In a Feb. 15 interview with InvestmentNews, Mr. Berkowitz said that he was finished acting as an activist shareholder with St. Joe. βIt's clear in our minds that we can spend too much time on it,β he said. βI have moved on.β
But the next day, his firm filed to remove St. Joe's board. On Feb. 28, St. Joe's chief executive, Britt Greene, and three other board members announced they would resign. On March 4, Mr. Berkowitz was named chairman.
What changed? Mr. Berkowitz said after he resigned from the board, he spent 10 days in Asia, his fourth visit in the past seven months. βI believe what is happening there could happen at St. Joe,β Mr. Berkowitz said, referring to the vast development going on in Asia. βIf you saw the land β and the scope and size of it β you would understand what I am saying.β
Read the complete story at Investment News.
