Interesting article from the Panama City News Herald. A few interesting items of note:
- Better than average home sales in Panama City
- 33% Florida population growth
- new Panama City international airport
A Fortune magazine article, posted on CNNMoney.com, listed St. Joe Co. as one of
its best investment bets in 2008.The article cited the Jacksonville-based company’s vast Florida real estate holdings, with 710,000 total acres and 310,000 acres 10 miles or less from the coast, as well as what it said was a relatively undervalued stock price.
It also cited a projected 33-percent population increase in Florida by 2020, based on U.S. Census figures, as well as the development of Panama City’ new
airport and the area’s better-than-average home sales this year compared to the rest of the state.
As long as St. Joe and the international airport is in the news, the Panama City Metro area will continue it's upward movement.
Think I'll go buy some St. Joe Co. Stock!
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