The St. Joe Company (JOE) - Bull of the Day

By
A A A

We have changed our long-term recommendation for The St. Joe Company ( JOE ) from Neutral to Outperform as we anticipate it to perform well above the broader market. St. Joe is currently in defensive mode and continues to reduce capital expenditures through stringent cost-cutting measures and reduction in operating expenses. St. Joe is one of the largest real estate developers in Florida.

The company is presently focusing on developing the adjacent area of the Panama-City Bay County Airport, which was opened in late 2010, to increase the future value of its holdings. The elimination of debt greatly reduces the risk to shareholders.

In addition, the company has adequate liquidity to satisfy its near-term working capital needs and capital expenditures. Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market.
 
ST JOE CO (JOE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: JOE

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

50%

Most Active by Volume

112,007,213
  • $14.79 ▼ 2.12%
79,492,830
  • $17.05 ▲ 0.24%
63,236,947
  • $56.63 ▲ 7.54%
55,553,482
  • $3.41 ▼ 3.94%
53,662,885
  • $14.19 ▼ 3.47%
52,606,858
  • $100.75 ▲ 0.64%
39,074,810
  • $4.84 ▼ 2.22%
38,681,912
  • $25.62 ▲ 0.79%
As of 9/30/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com