Feb. 5 at 8:38 PM
$JOE As tech, AI, defense stocks and anything related to bitcoin continue to unravel, St. Joe Company is setting new highs. The stock will eventually trade in triple digits. Why is that? The company owns 167,000 acres in the Florida panhandle and the price of land in Florida is not going down!
Every piece of land owned by St. Joe that the company has developed has turned into huge success stories. Developments such as The Retreat - https://www.retreatflorida.com/ and Watercolor - https://www.joe.com/watercolor are all sold out real estate developments. Forget the stock market... Had you purchased just a couple lots or homes in both these sold out developments when St. Joe first developed them some 15 to 20 years ago, you'd be a multi millionaire today.
Homes in The Retreat today start around
$5M while maybe you could buy a starter home in Watercolor for
$3M. So buy shares of St. Joe, tuck them away and you can literally keep them forever. Stock also pays a nice divy.