Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-20
JOE [bullish]
The St. Joe Company
+7.41%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in the United States.
Market Cap
$3.3B
Pitch Price
$58.48
Price Target
N/A
Dividend
1.12%
EV/EBITDA
17.94
P/E
31.77
EV/Sales
7.71
Sector
Real Estate Management and Development
Category
growth
Praetorian Capital Portfolio Holding: The St. Joe Company
JOE: FL Panhandle land play (168k acres) at fraction of liquidation value. Growing recurring revenue & earnings as population hits critical mass. Attractive AFFO multiple w/ hidden asset value. High ROIC, land appreciation hedge against inflation. Potential catalyst: wealthy migration from cities due to urban chaos & tax concerns.
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