The St. Joe Company

  • Fairholme & Bruce Berkowitz’s Bearish Moves; Should You Follow?

    By Meena Krishnamsetty - May 31, 2013 | Tickers: CIT, JEF, MBI, JOE, WFC

    Each quarter, hedge funds, such as Bruce Berkowitz’s Fairholme, file 13Fs with the SEC. The 13F forms disclose many of the positions held in the fund’s equity portfolio during the quarter. Fairholme is a very large managed fund, with over $19 billion assets under management, and has averaged an annual return of 12.9% over the past decade. We will now take a quick look at five stock more »

  • 3 Holding Companies to Pay Attention To

    By Victor Selva - May 10, 2013 | Tickers: LUK, SHLD, JOE

    When investing in holding companies, one must make an extra effort analyzing its assets and growth prospects as a whole. In this article we will briefly look into the main reasons to invest in 3 of Bruce Berkowitz´s investment choices -Sears Holdings Company (NASDAQ: SHLDSHLD)), St. Joe Co. (NYSE: JOEJOE)) and Leucadia National (NYSE: LUKLUK))- or reasons not to do so.

    An attractive upside

    Based on two positive indicators more »

  • Billionaire Bruce Kovner’s Small-Cap Picks

    By Meena Krishnamsetty - April 16, 2013 | Tickers: NCR, NFX, SKS, SNV, JOE

    Small cap stocks tend to be less widely followed by institutional investors, which in theory results in their being more likely to be mispriced. When a hedge fund does research on such a company, then, it should be more likely to identify an overvalued (or undervalued) stock. As it turns out, we have found that the most popular small cap stocks among hedge funds generate an average excess return of more »

  • Billionaire Bruce Kovner’s Small Cap Picks

    By Meena Krishnamsetty - April 8, 2013 | Tickers: NCR, NFX, SKS, SNV, JOE

    Small cap stocks tend to be less widely followed by institutional investors, which in theory results in them being more likely to be mispriced. When a hedge fund does research on such a company, then, it should be more likely to identify an overvalued (or undervalued) stock. As it turns out, we have found that the most popular small cap stocks among hedge funds generate an average excess return of more »

  • Should Investors Jump Into the Fairholme Fund While They Still Can?

    By Alex Gray - February 1, 2013 | Tickers: AIG, BAC, GGP, FAIRX, SHLD, FAAFX, FOCIX, JOE

    On January 30, 2013, Fairholme Funds announced that it will suspend the sale of shares to new investors.  The funds impacted by this suspension will be The Fairholme Fund, Fairholme Focused Income and Fairholme Allocation

    Let me start by stating that I am not your typical mutual fund investor.  In fact, I own only one mutual fund in my entire portfolio and FAIRX is it.  The primary reasons to hold more »

  • Bruce Berkowitz's Top Positions (Part II)

    By Anh HOANG - January 23, 2013 | Tickers: BAC, JOE, WFC

    In the previous article, I wrote about the two biggest positions in Bruce Berkowitz, the “Stock Manager of the Decade.” AIG, the insurance giant, accounted for more than 40% of his portfolio. Sears Holdings, the retail giant, represented 13.4% of his portfolio as of September 2012. In this article, I will continue with two other businesses that also accounted for a big portion of his concentrated portfolio. One is more »

  • 3 Risk Factors Identified by Successful Short Sellers

    By Kyle Mowery - January 9, 2013 | Tickers: CSCO, DEXO, FB, GCI, GMCR, LVLT, MEG, NCR, CRM, SPMD, NYT, JOE, ZNGA

    To generate investing profits regardless of market direction, investors must be able to short effectively. Shorting successfully is challenging for many reasons. The best short sellers identify profitable short candidates by delineating one or more of three main risk factors: (1) Balance Sheet Risk (2) Valuation Risk and (3) Earnings Risk.

     Balance Sheet Risk

    Balance sheet risk can manifest itself in two ways. (1) A company’s assets could be more »

  • Two Fads You Should Avoid

    By Federico Zaldua - November 20, 2012 | Tickers: ANF, KO, GPS, GMCR, JOE

    I like to short companies that don’t have a strong a business motto built around them, and are priced by (in Buffett Words) Mr. Market as if they were the Coca-Cola's of this world – which is the most powerful business franchise I can imagine and is priced at a forward P/E under x 19.

    Below you may find two very different businesses that cannot justify their current more »