UPDATE ON ST. JOE TENDER, TAKE PROFITS ON REMAINING SHARES IN THE OPEN MARKET $JOE
This post was just published on ZYX Buy Change Alert.
The company is a big land owner in North West Florida and a real estate developer.
The position is long with an average price of $16.00. Currently, 45% of the full core position size is being held. Profits have been taken as high as $23.16.
JOE has made a tender offer at $18.00 per share for 16.6 million shares out of 91.9 million shares outstanding.
We have previously recommended that subscribers tender their shares. The company has accepted 17.8% of the outstanding stock. The company has not disclosed exactly how many shares were tendered. … Please click here or the title below to read more.
October 7, 2015