St. Joe's Getting Killed On Einhorn's Call (JOE)

Shares of The St. Joe Company JOE are down sharply, and on eight times its normal volume, as David Einhorn laid out a bearish case on the company at the Value Investing Congress. Einhorn said that the company is worth about $7-$10 share, and it is currently trading around $22 per share. Benzinga is live at the VIC and first wrote about Einhorn's bearish call on St. Joe when the stock was flat. The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate, Commercial Real Estate, Rural Land Sales, and Forestry.