Professional
Added to YB: 2024-05-16
Pitch date: 2024-04-23
JOE [bullish]
The St. Joe Company
+12.81%
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
$55.69
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 owns 168K acres in FL Panhandle, trading below liquidation value. Population growth is accelerating, driving rapid revenue growth & even faster earnings growth. Cheap on AFFO with hidden asset value. High ROIC biz to benefit from inflation & migration from cities.
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