JOE - St. Joe Company Is On The Verge Of An Earnings Inflection Point And The Stock Is About To Soar
Back in May of 2018, we published a detailed in-depth rebuttal to what we believed was an unsubstantiated short attack on The St. Joe Company (JOE) by Kerrisdale Capital. Since the publication of our report, St. Joe's stock has returned just over 25%. However, looking back at our report, it seems we were not nearly bullish enough about St. Joe's business prospects and the strength of the Bay/Walton real estate market. The Northwest Florida real estate market is on fire and we continue to be surprised at how much we underestimated JOE's real estate demand