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Author: WoodvilleDale Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 140  
Subject: Re: interesting article from TheStreet.Com Date: 3/28/2006 3:53 PM
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Nats43 sez:
I live in Tallahassee now, as of 12 days ago. If I knew which land they owned, I'd drive out and eye-ball it. How's that for first-hand research?

We were as close as I-10 in Gulfport (MS) and actually thought of doing some investigation. Unfortunately there was a small matter of a major highway bridge completely gone!

Seems like we might mine some information from their Investor Relations? And deeds to land are public. I'd also be interested in how much they get for a lot/home in their developed areas and also how much they realize when they sell raw land (which they do from time to time.)

One other point in their favor that no one has yet mentioned is that Third Avenue Funds is the biggest holder of JOE and they haven't been selling. In fact, should the price slump more, I'd not be surprised to see Whitman and company buying up more.

-- Dale in Woodville

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