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. If you still have shares remaining consider booking profits by selling the remaining shares on the open market in the zone of $18.95 to $20.43. As of this writing the stock is trading at $19.29.
Your broker should be able to tell you how many of your shares have been accepted and how many are still in your account.
You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.
Check out our enviable performance in both bull and bear markets.