Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The 70% is totally A WAG. I have no idea, having lived in Tallahasse during my time in college, I can tell you from what I saw, most of the swamp is south of I-10 and there really isn't that much swamp in the area.

Being a paper company I would think the 70% is totally low, I'm not sure what someone would pay for 400-500 acres of land for hunting, fishing, family investment, heck maybe even timber, etc. But I'd be willing to bet its more than a few hundred bucks an acre.

Looks like we could do another analysis with these new ideas and send St.Joe well north of the current valuations.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.