Tuesday, May 02, 2006
Real Money Blog
How St. Joe Lost Its Halo
05/02/2006 4:07 PM
In this article, Cramer discusses how higher rates and the "washout" of real estate speculators hurt the largest landowner in Florida, JOE.
He notes, beach front property (St. Joe's holdings) rarely loses money-- which makes JOE's fall even more significant.
Finally, he cites JOE's massive stock buybacks at much higher levels.
05/02/2006 4:07 PM
In this article, Cramer discusses how higher rates and the "washout" of real estate speculators hurt the largest landowner in Florida, JOE.
He notes, beach front property (St. Joe's holdings) rarely loses money-- which makes JOE's fall even more significant.
Finally, he cites JOE's massive stock buybacks at much higher levels.
