David Einhorn made a splash today by detailing his short thesis on The St Joe Company (ticker: JOE). Dealbreaker has a copy of the presentation here. It's well worth flipping through the 139 pages.
Broyhill Asset Management, on the other hand, has a bull case on JOE, courtesy of Market Folly.
I guess Fairholme also owns a huge chunk of JOE, but I haven't seen their long thesis. Einhorn reportedly reached out to them, but nothing came of it.
I have no position in the stock, but I find Einhorn's argument more compelling.
EDIT: Market folly has more, as does The Rational Walk
EDIT: Market folly has more, as does The Rational Walk
-KD
2 comments:
I'm pretty sure JOE was not listed in past quarterly holdings.
Then again....
http://www.gurufocus.com/news.php?id=109459
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