We are changing our long-term recommendation for The St. Joe Company (NYSE:JOE) from Neutral to Outperform, driven by its future growth prospects. 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. St. Joe is currently in defensive mode and continues to reduce capital expenditures through stringent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards