St. Joe Company
Posted: 10:19 AM Dec 13, 2007Last Updated: 10:19 AM Dec 13, 2007
CNN/Money.com is picking the St. Joe company among it's best investment bets for 2008. The experts interviewed for the article admit they have no idea if the Florida real estate market has hit rock bottom. But they say it will eventually bounce back.
Right now St. Joe's company stock is selling for about 28-dollars a share. It's highest price was 82-dollars in July 2005.
With the U-S Census Bureau projecting a 33% population increase, or 6-million new residents in Florida by 2020, CNN/Money.com is betting the St. Joe Company will get it's share of that new home market.
The experts also point out Wall Street has undervalued St. Joe's 710-thousand acres of land. That value is 37-hundred an acre, while the fair market value would be around 72-hundred an acre.
Other analysts point out Panama City's home sales have been better than the state average this year and they predict the new airport will boost growth and development.
So how good is this information? Cnn/Money.com's top ten stock picks out-earned the Standard & Poors by 13% in 2006 and 8% this year.
Posted: 10:19 AM Dec 13, 2007Last Updated: 10:19 AM Dec 13, 2007
CNN/Money.com is picking the St. Joe company among it's best investment bets for 2008. The experts interviewed for the article admit they have no idea if the Florida real estate market has hit rock bottom. But they say it will eventually bounce back.
Right now St. Joe's company stock is selling for about 28-dollars a share. It's highest price was 82-dollars in July 2005.
With the U-S Census Bureau projecting a 33% population increase, or 6-million new residents in Florida by 2020, CNN/Money.com is betting the St. Joe Company will get it's share of that new home market.
The experts also point out Wall Street has undervalued St. Joe's 710-thousand acres of land. That value is 37-hundred an acre, while the fair market value would be around 72-hundred an acre.
Other analysts point out Panama City's home sales have been better than the state average this year and they predict the new airport will boost growth and development.
So how good is this information? Cnn/Money.com's top ten stock picks out-earned the Standard & Poors by 13% in 2006 and 8% this year.
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