Enter a stock symbol
Enter a stock symbol to view that company's Altman Z-Score if it is a manufacturing company, or its Altman Z"-Score, if it is a non-financial, non-manufacturing company, and to view message board posts for that stock (Scores are available for premium members).
Screener
Below is a list of today's twenty-five most distressed stocks (according to their Altman Z-Score or Z''-Score, respectively) with a share price of $5 or higher. For details on how this ranking list is compiled, please click here.
Stock Chart
Flash Player 9 or higher is required to view the chart
Click here to download Flash Player now
JOE - Berkowitz a net seller of JOE recently?
That appears to be the case this quarter, according to the insider trades listed for JOE at Nasdaq.com ( http://www.nasdaq.com/... ). It looks like Berkowitz's Fairholme Fund has been a net seller of about 90,000 shares of JOE so far this quarter:
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 12/06/2010 Form 4 JS IN (1,100) $18.450 26,796,920
WILSON RODERICK T OFF 12/06/2010 Form 3 D 0 - 63,000
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 12/01/2010 Form 4 B IN 5,300 $17.720 26,798,020
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/30/2010 Form 4 B IN 5,600 $17.440 26,843,120
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/30/2010 Form 4 S IN (50,400) $17.510 26,792,720
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/29/2010 Form 4 S IN (59,100) $17.210 26,793,220
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/29/2010 Form 4 B IN 44,300 $17.370 26,837,520
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/23/2010 Form 4 JS IN (7,200) $17.580 26,852,320
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/16/2010 Form 4 JS IN (200) $17.840 26,859,520
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/15/2010 Form 4 JS IN (26,400) $19.080 26,859,720
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/11/2010 Form 4 JS IN (1,600) $19.920 26,886,120
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 11/04/2010 Form 4 JS IN (4,100) $19.990 26,887,720
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 10/13/2010 Form 3 D 0 - 23,136,502
FAIRHOLME CAPITAL MANAGEMENT LLC B/O 10/13/2010 Form 3 IN 0 - 23,136,502
To keep that in perspective, though, note that The Fairholme Fund still owns about 26.8 million shares of JOE, or about 29% of the company. It does seem odd though that the fund wasn't a net buyer of JOE when it dropped so low that Berkowitz said he wanted to buy Einhorn a box of chocolates for presenting his short case for the stock.
Recall that I owned puts on JOE previously ( http://shortscreen.com... ) and am currently short JOE as part of a market neutral trade ( http://shortscreen.com... ).
Submit a comment
In order to comment please sign in.
could it be driven by mutual fund redemptions?
That would be my guess.
The current temperature in Panama City, FL is 30 degrees Fahrenheit: http://weather.yahoo.c...
Bloomberg reports that JOE is facing "an informal inquiry by the U.S. Securities and Exchange Commission over its policies for impairing investment in real estate assets." Link: ( http://www.bloomberg.c... )