The following post on St Joe Company (JOE ) appeared this morning in the Real Time Feed of the ZYX Buy Change Alert.
Joe has entered into an agreement with Fairholme, its largest shareholder, permitting it to acquire beneficial ownership of up to 50% of outstanding common stock.
Joe, the largest landowner in Florida, had previously approved Fairholme’s acquisition of beneficial ownership of up to 30% of outstanding common stock.
Those in the stock should continue to hold.
Those not in the stock may enter on a pullback.
