Professional
Added to YB: 2024-07-30
Pitch date: 2024-07-21
JOE [bullish]
The St. Joe Company
+7.59%
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
$3.6B
Pitch Price
$59.51
Price Target
N/A
Dividend
1.01%
EV/EBITDA
18.77
P/E
32.89
EV/Sales
7.88
Sector
Real Estate Management and Development
Category
value
Praetorian Capital Fund Portfolio Holding: The St. Joe Company
JOE: FL Panhandle real estate co. owns 168k acres. Undervalued vs liquidation value. Growing recurring revenue & earnings rapidly. Attractive AFFO multiple. Poised to benefit from population migration to tax-friendly, beautiful areas. Inflation hedge. High ROIC. Potential catalyst: wealthy fleeing cities. Share price consolidating despite property value appreciation.
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