Anyone tempted by the Florida Panhandle?

Whether or not you believe that global warming is manmade, for whatever reason, it's happening. Florida Panhandle = bad longterm investment. Orlando will be beach front real estate in a few decades...

But if the oil spill gets contained, the stock could rebound to the $37 range pretty quickly. That's where it was a month or two ago when Baron's ran a piece with a portfolio mgr with a very large stake. Whatever happens in the long run, I don't care. I'll take a 30%+ short term gain and invest somewhere else for the long term.

It's not an investment like a home with high transaction costs. You don't need to buy for the long term.

I don't know anything about JOE, but when was the last time a cleanup of this magnitude, or any large-scale project went better than expected?

Printer: Never. Valdez. Cheronobyl. Katrina. That TN town buried under coal ash. The list goes on and on.

better than expected is plugging the spill. The mess will last a long time. But this is land that wont be developed for 50 years and the mess will long be forgotten. You people aren't looking at the trading opportunity.

I made 4% on today's investment in JOE. I only started the discussion because I see potential quick upside on a real estate play. Buy 1000 shares and you "own" over 6 acres of undeveloped land with virtually no transaction costs.

Bruce Berkowitz like JOE - that's as good an endorsement as you can likely find.