>
  1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sydnee Gatewood
Sydnee Gatewood
Articles (3500) 

Bruce Berkowitz Comments on St. Joe

Guru stock highlight

February 03, 2021 | About:

St. Joe's (NYSE:JOE) common stock price increased last year by 120%. The company is uniquely positioned for decades of profitable growth along Northwest Florida's Emerald Coast. Residential, commercial, and hospitality segments are breaking records. Pricing is robust. Homes sell before completion. Apartments are fully occupied. Clubs by JOE expands. Hotels are in construction at Santa Rosa Beach, Camp Creek, Beaches International Airport, Pier Park, Panama City Beach's Sports Complex, and Panama City's downtown marina. The Powder Room, Watercrest, and Watersound Insurance opened for business. Latitude Margaritaville Watersound will soon open. Tyndall AFB's multi-billion dollar expansion will require thousands of additional homes. St. Joe is only scratching the surface.

Homes on Florida's Emerald Coast, South of SR 98, sell for at least $1,000,000 – and multiples more. North of the highway, at Watersound Origins, homes price about $630,000. East, at Breakfast Point, homes average around $400,000. North of the intra-costal waterway, Latitude prices start about $250,000. Commercial acreage fronting the highway sells for $200,000 and exceeds $500,000. St. Joe's entitled lands in Walton, Bay, and Gulf Counties may be worth exponentially more than implied by the company's market value.

From Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund (Trades, Portfolio) 2020 annual shareholder letter.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Sydnee Gatewood


User Generated Screeners


pjmason14Momentum
wigbertHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)