Just invested a bit of $ in JOE. Any Predictions?

[Paula]

Hi:

After seeing St. Joe's development plans for the Panhandle (the St. Joe execs renamed the Panhandle "The Great Northwest" by the way), as well as reading the book Green Empire" (cautiously optimistic book about St. Joe), I invested a little $ in St. Joe. Any predictions on how it will do? Of course, it would have been great to have invested in St. Joe a few years ago, but I'm assuming it has room (I hope plenty) to grow. Any thoughts?

Thanks.

 

[Smiling JOe]

Well, JOE is cheaper than real estate in South Walton. I predict you will see JOE continue to grow. St Joe has recently been buying very large tracks of timberland and river front property in SW Georgia. I have a feeling that they have some very long term plans. The SW Georgia properties are probably a great place to reinvest some of there profits.

 

[BrettMan]

I own their stock and I'm in for the long haul - unless I need the cash to buy their land....

 

[landlord]

I own JOE also, and intend to continue to add to my position. I expect it to outperform over time. Go Joe Go !

 

[Bob]

St. Joe is the best. They are selling land bought for near nothing for a fortune and reinvesting, tax free, via 1031 law, for more land that is dirt cheap. What a beautiful business model.

 

[Wildernester]

If you review the financial statements in the current annual report, you will see that for several years a large percentage of JOE's profit has come from Watercolor. For those of us who own JOE, let's hope that it can find another gold mine like like WC. I hope P.T. Barnum was right.

 

[Kurt]

If you review the financial statements in the current annual report, you will see that for several years a large percentage of JOE's profit has come from Watercolor. For those of us who own JOE, let's hope that it can find another gold mine like like WC. I hope P.T. Barnum was right.

No offense - but if you think the money earned is coming from suckers... :roll:

Hopefully, you're one of those suckers that bought a lot in WaterColor for $150,000.

 

[Cork On the Ocean]

Hi Paula,

I wrote an article a couple of months ago outlining future growth indicators for the Florida Panhandle and it's Real Estate Market. It has quite a bit about JOE in it. It's located at:

http://www.uniquepanhandleproperties.com/florida_real_estate_investments.htm

Also, did some numbers on watercolor for a client: Looks like lots appreciated at about 57.75% while homes only appreciated at 19.8%. Of course lots of variables but gives us an idea of trends and demand. Sorry if the colums are running into each other but couldnt copy tables. Can email if you'd like.


Watercolor Lot Sales from Pendings in each month

# Pending Low High Ave Price
5/01/04-5/31/04 20 $375,000 $895,000 $545,900
6/01/04-6/30/04 17 $365,000 $1,730,000 $605,412
7/01/04-7/31/04 32 $495,000 $2,500,000 $719,125
8/01/04-8/31/04 22 $580,000 $1,700,000 $717,432
9/01/04-9/30/04 4 $585,000 $1,425,000 $810,000
10/01/04-10/31/04 10 $598,000 $975,000 $732,550
11/01/04-11/30/04 2 $750,000 $750,000 $750,000
12/01/04-12/31/04 1 $815,000 $815,000 $815,000
01/01/05-01/31/05 5 $618,000 $820,000 $762,600
02/01/05-02/28/05 10 $615,000 $832,500 $707,750
03/01/05-03/31/05 14 $635,000 $1,550,000 $858,929
04/01/05-04/30/05 15 $585,000 $1,500,000 $835,000
05/01/05-05/29/05 11 $663,000 $1,200,000 $861,182

Active lots in Watercolor
72 $615,000 $2,650,000 $991,860


Watercolor Home Sales from Pendings in each month

#Pending Low High Ave Price/ft2
5/01/04-5/31/04 8 $849,000 $2,695,000 $568.25
6/01/04-6/30/04 5 $925,000 $1,900,000 $505.78
7/01/04-7/31/04 6 $1,225,000 $2,100,000 $594.94
8/01/04-8/31/04 4 $1,350,000 $2,250,000 $783.87
9/01/04-9/30/04 5 $1,225,000 $2,650,000 $667.50
10/01/04-10/31/04 3 $1,400,000 $1,500,000 $683.53
11/01/04-11/30/04 1 $1,390,000 $1,390,000 $581.59
12/01/04-012/31/04 0
01/01/05-01/31/05 6 $1,250,000 $3,600,000 $744.70
02/01/05-02/28/05 2 $1,350,000 $1,490,000 $658.31
03/01/05-03/31/05 5 $1,440,000 $1,895,000 $724.61
04/01/05-04/31/05 5 $1,595,000 $2,395,000 $782.79
05/01/05-05/22/05 1 $1,995,000 $1,995,000 $680.88

Active homes in Watercolor
39 $1,675,000 $4,200,000 $945.33

 

[Kurt]

Thanks for the info Debbie - I noticed you wrote:

The Florida Panhandle is located in Northwest Florida and is known as the "Forgotten Coast".

The Forgotten Coast of Florida is but a portion of the Panhandle. It is bounded on the West by Mexico Beach, St. Joe Beach and Port St. Joe. Going East you come to Simmons Bayou, Cape San Blas, Indian Pass, Apalachicola, St. George Island, Eastpoint, Carrabelle, Ochlockonee Bay, and Panacea.


Panama City and west to Pensacola has long been known as the Emerald Coast, or the miracle strip.

 

[Cork On the Ocean]

Thanks for the info Debbie - I noticed you wrote:


The Forgotten Coast of Florida is but a portion of the Panhandle. It is bounded on the West by Mexico Beach, St. Joe Beach and Port St. Joe. Going East you come to Simmons Bayou, Cape San Blas, Indian Pass, Apalachicola, St. George Island, Eastpoint, Carrabelle, Ochlockonee Bay, and Panacea.


Panama City and west to Pensacola has long been known as the Emerald Coast, or the miracle strip.

Hi Kurt,

Oops. You're absolutely right. Wish I had you proof it a month ago. It was picked up by New Construction Magazine whose reprinting it in June but I think it's too late to change. Maybe they can do a correction. Thanks again. If you have time, take a look at an article theyre publishing in the fall edition about preconstruction :

http://www.uniquepanhandleproperties.com/real_estate_investing_preconstruction_florida.htm

If you don't mind, I'll post future articles to the board for your guys comments since this is the most knowledgeable group about the area that I've seen. Thanks again.

Debbie :clap_1: