Ouch. They're having trouble with the numbers and Wall Street knows it.
Time to buy JOE
- Thread starter robertsondavies
- Start date
-
Trouble logging in? Send us a message with your username and/or email address for help.
Ouch. They're having trouble with the numbers and Wall Street knows it.
30Ashopper, when did JOE trade at $23 and change yesterday, I saw it opened around 27 or so, and closed around 27 or so yesterday. same thing today
So, as the guy who came on the board and recommended to others to buy this stock and hold for 50 years because there is huge upside in the underlying assets, are you still in for 50 years???
Or, as is likely the case, have you cut and run (partially or fully sold) now that it is quite apparent that the run up was not based on reality and there is no place to go but down over the next 50 years?This has always been and always will be a dog company and stock. Sure, the market goes up and down as it does with virtually all stocks. Day trading can be very profitable on virtually any stock. But, the key to this thread is the LONG TERM value of JOE. And, bottom line, the long term value of the stock is well under $10. Most of the land held by JOE is only worth timber value. The little bit of land that has real developable potential is not big enough to significantly move the overall value.
Berkowitz is talking a big talk, but there is no way to make this company profitable in the short term. The company is bleeding cash and cutting a few top execs is only window dressing in an attempt to drive the stock price up short term. Berk is not in for the long haul. He is simply trying to prop up the company to find the greater fool. JOE will eat through its cash stockpile and be in big trouble within the next couple of years.
Please let me know how this company has fared in the next 50--no lets say 10 years. Focusing on the last few months says nothing about the long term value of the company. Your first comment on this thread was looking long term but you quickly turned into a day trader in your discussions.
Happy to buy Joe stock from you at "well under $10/share" now or any time in my remaining years. I flew out of the pcb airport yesterday (launched by that short term thinking company). It was completely packed. I drove by the hospital in sandestin several times last week. Parking lot looked pretty crowded with employees (year round jobs with benefits). Joe has given
sowal infrastructure to be more than just a tourism driven economy but continues to be slaughtered on this board. What other private (or public) source has put more of it's assets into improving our area?
sowal infrastructure to be more than just a tourism driven economy but continues to be slaughtered on this board. What other private (or public) source has put more of it's assets into improving our area?
So, as the guy who came on the board and recommended to others to buy this stock and hold for 50 years because there is huge upside in the underlying assets, are you still in for 50 years???
This has always been and always will be a dog company and stock. Sure, the market goes up and down as it does with virtually all stocks. Day trading can be very profitable on virtually any stock. But, the key to this thread is the LONG TERM value of JOE. And, bottom line, the long term value of the stock is well under $10. Most of the land held by JOE is only worth timber value. The little bit of land that has real developable potential is not big enough to significantly move the overall value.
Berkowitz is talking a big talk, but there is no way to make this company profitable in the short term. The company is bleeding cash and cutting a few top execs is only window dressing in an attempt to drive the stock price up short term. Berk is not in for the long haul. He is simply trying to prop up the company to find the greater fool. JOE will eat through its cash stockpile and be in big trouble within the next couple of years.
Please let me know how this company has fared in the next 50--no lets say 10 years. Focusing on the last few months says nothing about the long term value of the company. Your first comment on this thread was looking long term but you quickly turned into a day trader in your discussions.
what are you upset about? Are you upset the stock has gone up 30% already? The stock was a leading indicator on February sales figures you're seeing now. Sorry dude. Sorry the sky isn't falling for South Walton, people love it. I've got 49 years and 7 months to go for this holding, we'll see how it turns out. Good luck to you shorting it.
homeboy, are you Shelly's alterego? We haven't heard much from Shelly since his "wager" with me regarding JOE back about 5 months ago.
No. But, he/she seemed to have a pretty good business sense.
How about answering a few of the questions? Are you still in for 50 years or did you dump and run when the stock ran up (ie: knowing it is way, way overvalued)?
The stock really got a nice pop when the $50 million lease hit the news a couple of weeks ago??? Ha.
Good luck with this one over the long term.
Last edited:
Nov 4th -> June 1st, Shelly gets to take a bow. Independent of dividends on SPY and Intel:
SPY: 9.2%
INTC: 6.62%
JOE: 5.6%
Plus Intel yields 3.3%, SPY, 1.6%.
BRCM long, short INTC.
You're welcome, this ones a freebie.
You're welcome, this ones a freebie.