St. Joe CEO sees strong housing demand
Peter Rummell, CEO of The St. Joe Company, Florida's largest landowner, says retiring baby boomers continue to move into the state in large numbers, resulting in strong demand for housing despite hurricanes and higher interest rates.
Hopefully this link will work......
http://www.marketwatch.com/tools/quotes/quotes.asp?symb=joe&siteid=mktw&dist=mktwqn
The St. Joe CEO did a broadcast interview on CBS MarketWatch. He blamed the relative slowdown in '05 on the early and strong hurricane season and the negative media frenzy. The statistic he likes the most is that on average 1,200 people are moving into FL per day. He thinks we are just at the beginning of a boom in FL that will last for years to come.....
Replies
97
SoWal Insider
"Market" price is the price which people are willing to pay at the current point in time. With the lack of sales recently, market prices are lower than asking price. You must look at sold price for recent sales.
Good answer.
Market price is determined when the check clears the bank--"paper profits" and comps don't count.
SoWal Insider
You personally attacked the State of Florida's Sanitation Inspectors for failing to inspect the electrical systems in the local restaurants.
Sorry Joe, didn't realize you were a Florida sanitation inspector.
SoWal Expert
Sorry Joe, didn't realize you were a Florida sanitation inspector.I am not, but you did "personally attack" them for not inspecting them for something that they are not responsible for inspecting.
-- Just thought it was funny, and that your rules work for you only when you want them to do so.
Beach Fanatic
Sorry Joe, didn't realize you were a Florida sanitation inspector.
Ooooooooh, good one.
Meow
I am not, but you did "personally attack" them for not inspecting them for something that they are not responsible for inspecting.
Do as I say, not as I do????
SHELLY....I have learned not to buy a condo in PCB from you. Not that I was in the market, but I did learn not to.
I think Rita is correct. So much of what you write here sounds/comes across as negative. I have a hard time listening and believing anything a person talks about on the outer edges of the bell shaped curve...all postive or all negative.
SoWal Insider
shelly,
Do some research on your posts and you'll likely come up with a % in the high 90s for negative posts vs nonnegative.
90% of my posts are about real estate...so it makes sense that if the overwhelming majority of folks on the board have a positive view of real estate investment, it's no surprise that my posts would be viewed as "negative." (or an "opposing viewpoint.")
A wise boss once said: "If you agree with everything I say, I wouldn't need you."
Edited
SoWal Insider
Then please explain.
Insider selling is the legal sales of stock options by company execs and employees.
Insider trading is the illegal selling/purchasing of stock based on information that is not available to the general public.
Insider selling by execs (with no insider buying) sends somewhat "negative" signals to shareholders that execs don't totally believe the information they are releasing to the public.
JOE is a solid company with good financials, but (as is the case with many companies) they are overcompensating their execs; and yes, it does come out of the shareholder's pockets.
margarita brocolia
"negative." (or an "opposing viewpoint.")
There is a difference between "negativity" and "opposing viewpoints".
One is healthy! The other is not, imo. ;-)
SoWal Insider
There is a difference between "negativity" and "opposing viewpoints".
One is healthy! The other is not, imo. ;-)
IMO "negativity" is subjective.
SoWal Expert
...Obviously, all companies are not always releasing positive predictions for upcoming quarters, so when an exec sells, it is not always contradictive to the company statements and forecasts. Your statements assume that there is misconduct on behalf of company execs, which is sometimes the case, but not the norm.
Insider selling by execs (with no insider buying) sends somewhat "negative" signals to shareholders that execs don't totally believe the information they are releasing to the public....
margarita brocolia
"Negativity" is subjective.
I'm sure you see it that way.
percy
No, I wouldn't use any discussions/opinions from this board in my thesis...are you kidding?? (My objective is to get a decent grade.)I was really bad at math in school, but I think this doesn't add up.
so I imagine I'll be booted from board because I have a different viewpoint--but it won't be because I used profanity or personally attacked anyone. I understand.
SoWal Insider
I was really bad at math in school, but I think this doesn't add up.
I think you believe that statement is a "personal" attack?
Read Beachmouse's reply about citations in academic writing.
I can see it now: "According to 'Sandy Toes' and 'Beach Monkey,' purchasing presale condos on Panama City Beach is a viable investment vehicle for childrens' college funds."
SoWal Expert
I think you believe that statement is a "personal" attack?So does changing my name, and feeding incorrect words into my mouth classify as a personal attack? You are a real winner, Shelly. Thanks for contributing.
Read Beachmouse's reply about citations in academic writing.
I can see it now: "According to 'Sandy Toes' and 'Beach Monkey,' purchasing presale condos on Panama City Beach is a viable investment vehicle for childrens' college funds."
SoWal Insider
Obviously, all companies are not always releasing positive predictions for upcoming quarters, so when an exec sells, it is not always contradictive to the company statements and forecasts. Your statements assume that there is misconduct on behalf of company execs, which is sometimes the case, but not the norm.
Not misconduct...just over compensated (not a newsflash in the corporate world).
Every investor is different, personally, considering the current economy and given the choice between investing in a company where the insiders are saying good things and not buying shares in their own company and those who are saying positive things and purchasing shares in their companies--I would tend to choose the latter.
SoWal Insider
So does changing my name, and feeding incorrect words into my mouth classify as a personal attack? You are a real winner, Shelly. Thanks for contributing.
My lord! And I even went out of my way to come up with names that weren't on the board...wayyyy too sensitive.
margarita brocolia
Beach LoverAuthor
I think I created a monster.
Maybe we should just close this one out, learn from our mistakes, and move on to a new thread.......
Maybe we should just close this one out, learn from our mistakes, and move on to a new thread.......
margarita brocolia
I think I created a monster.:clap_1: Chomp!
Maybe we should just close this one out, learn from our mistakes, and move on to a new thread.......
SoWal Expert
Not misconduct...just over compensated (not a newsflash in the corporate world).I have positive things to say about many parcels of property, but I am not buying them, because I don't have the pockets to buy everything that I deem to be a good value. I wonder if this happens with the execs which you mention in general. Also, perhaps they are smart enought to diversify. I am sure they have their share (pun intended) of their own company. ;-)
Every investor is different, personally, considering the current economy and given the choice between investing in a company where the insiders are saying good things and not buying shares in their own company and those who are saying positive things and purchasing shares in their companies--I would tend to choose the latter.
SoWal Insider
I think I created a monster.
Maybe we should just close this one out, learn from our mistakes, and move on to a new thread.......
OK...let's wait until after JOE reports the quarter ;-)
Beach Fanatic
Not misconduct...just over compensated (not a newsflash in the corporate world).
Every investor is different, personally, considering the current economy and given the choice between investing in a company where the insiders are saying good things and not buying shares in their own company and those who are saying positive things and purchasing shares in their companies--I would tend to choose the latter.
I don't understand why anyone would expect Peter Rummell to be buying StJoe stock. In 2004, when he began selling, I believe he owned something close to 2 million shares and share options. If he's selling at the rate of 20,000 per month it will take over 8 years to sell them all. He'll be 68 then. And since it's a significant portion of his compensation package...the compensation doesn't mean as much in the form of a stock certificate....just like
--"paper profits" and comps don't count.
Beach Lover
A wise boss once said: "If you agree with everything I say, I wouldn't need you."[/QUOTE]
A wise boss does appreciate well thought out opinions that are different from his or her own but not strctly negative opinions. Who would? How depressing!!! I certainly wouldn't want to go to work everyday and surround myself with negative people. Would you?
A wise boss does appreciate well thought out opinions that are different from his or her own but not strctly negative opinions. Who would?
How depressing!!! I certainly wouldn't want to go to work everyday and surround myself with negative people. Would you?
Beach Fanatic
Oops, that was me, Gypsea and not the Cap'n.
SoWal Expert
Oops, that was me, Gypsea and not the Cap'n.
But that Cap'n avatar looks forceful for your statement!;-)
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