St. Joe Quarterly Earnings Report

[Joe Complete]

http://www.joe.com/stjoenews/pr/2005/07-26-2.html

 

[Buckhead Rick]

FYI, there was a downgrade of JOE today by a small research house, based on price.

 

[Wildernester]

Let's hope they find another Watercolor. If you look closely, it is clear that a very large percentage of JOE's earnings come for land sales (not house sales) at WC.

 

[Smiling JOe]

Let's hope they find another Watercolor. If you look closely, it is clear that a very large percentage of JOE's earnings come for land sales (not house sales) at WC.

I am not an investor in JOE, and have not looked at their books, but I along with many others around here could tell you that information.

 

[Kurt]

One little tidbit - they were astounded by the success of the Private Residence Club (PRC) at WaterColor. Essentially a fractional ownership building. No doubt a money maker that will be copied at WaterSound and other places.

 

[Buckhead Rick]

A question on PRC's, has anyone heard the rumor that Watercolor will do one on the land between WC and seaside on 30A the land that is now shown as a very costly parking lot on their maps?

 

[Kurt]

A question on PRC's, has anyone heard the rumor that Watercolor will do one on the land between WC and seaside on 30A the land that is now shown as a very costly parking lot on their maps?

I heard the county owned that piece of land, which would make sense since it's not been developed and there is a county walkover across from it.

 

[Joe Complete]

I heard the county owned that piece of land, which would make sense since it's not been developed and there is a county walkover across from it.

I never knew that but you are correct. I checked the WaltonPA.com web site and it shows the 2 acres being owned by the county.

 

[Kurt]

I never knew that but you are correct. I checked the WaltonPA.com web site and it shows the 2 acres being owned by the county.

1. I wonder why there isn't parking and/or restrooms developed there?

2. Maybe we can peddle it to a Middle Eastern Prince, who will in turn bring us all the white sand we could ever want!

 

[CJ]

I think there are or at least I think there are going to be if my sources are correct. The county got that land from St Joe for some deal they cut. We always need more beach parking.