St Joe Co's shares could fall lower - Barron's

NEW YORK, March 6 Sun Mar 6, 2011 12:21pm EST

NEW YORK, March 6 (Reuters) - Florida land company St Joe Co (JOE.N) still faces serious issues including a weak real-estate market despite a recent management shake-up, according to an article in the March 7 edition of Barron's.

The shares could fall more if the company is unable to realize the value of its land holdings, much of it in the Panhandle part of the state, the article said. (Reporting by Lewis Krauskopf, editing by Maureen Bavdek)

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