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Bear of the Day

St. Joe Co. - Joe

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June 01, 2009 | Comment(s): 0
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JOE

While operations continue to deteriorate, the company is currently focused on maintaining liquidity and cutting expenses. In addition, St. Joe Co. (JOE - Analyst Report) has repaid most of its long-term debt and has sufficient cash reserves to get through the residential real estate slump.

However, there are no signs that the housing situation will get better in the next 6 months and the worst could be yet to come.

Near-term, we would stay away from companies with exposure to the residential building business. While we think the company could be a good long-term investment, we maintain our near-term Sell recommendation.

St. Joe Co. - Joe : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on JOE

 

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