St. Joe Company (NYSE: JOE) is a land development company in Florida that has benefited as people have moved to Florida. The COVID-19 pandemic accelerated the trend of people abandoning cities in favor of beachside vacation towns such as the ones St. Joe develops. Should investors count on this growth trend lasting past the end of the pandemic?
In this video from the Industry Focus podcast recorded on December 10 , Motley Fool contributor Luis Sanchez and host Nick Sciple discuss how COVID-19 has affected the company's growth trajectory.
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Why COVID-19 Has Been a Tailwind for St. Joe and Vacation Towns