Joe has great management, and the last few years of financials will show you that they not only show great earnings but management has executed their plan thus far.
i've had my eye on joe for a long time, even owned some many years ago. i keep hesitating on a purchase because of the drumbeat of articles about the insurance market for florida properties. insurers are leaving the market, rates are rising rapidly for those that are still there, and the state's own coverage plan is wholly inadequate. how do you evaluate this risk? are you concerned this will increasingly handicap joe's growth?
That is true. No mention. We’ll do better next time.
Joe has great management, and the last few years of financials will show you that they not only show great earnings but management has executed their plan thus far.
Thanks for commenting, Fred! Yes, we agree with you. That is one of the best signs, seeing management execute faithfully on stated plans.
i've had my eye on joe for a long time, even owned some many years ago. i keep hesitating on a purchase because of the drumbeat of articles about the insurance market for florida properties. insurers are leaving the market, rates are rising rapidly for those that are still there, and the state's own coverage plan is wholly inadequate. how do you evaluate this risk? are you concerned this will increasingly handicap joe's growth?
I wish Tejon Ranch had as favorable a jurisdiction. California doesn’t let them do much with their land.
Couldn’t agree more.
Any catalyst to unlock the hidden asset value?
None was immediately apparent. Just continued progress over the long term.
Got my eye on since the strong numbers last report. Great article here and thanks for the further information 👏
Oliver, thank you very much! We enjoy your work as well. Keep it up!