• 15 Oct 2010 at 12:35 PM

St. Joe Co Stakeholder Bruce Berkowitz Thrilled That David Einhorn Is Shorting St. Joe, Wants To Do Something Really Nice For Him In Return

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“If we were able, we would buy the whole company,” Berkowitz told Reuters’ Aaron Pressman. Einhorn “has put a big spotlight on this company. My advice is everyone should enjoy it and take advantage of it…I want to send him a box of chocolates,” Berkowitz told Reuters’ Aaron Pressman. “This is the kind of advertising you just can’t buy. The company should hold a David Einhorn Memorial Investment Week.”

Earlier: Here Is David Einhorn’s Value Investing Congress Presentation On Shorting St. Joe

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Comments (20)

  1. 1
    Posted by The Gay Banker | October 15, 2010 at 5:18 PM

    He should buy him a ZJ.

  2. 2
    Posted by Mathman Prophecy | October 15, 2010 at 5:22 PM

    Berkowitz sucks.

  3. 3
    Posted by Guest | October 15, 2010 at 5:26 PM

    tell us more

  4. 4
    Posted by guest | October 15, 2010 at 5:34 PM

    any link to the story?

  5. 5
    Posted by - P. Jiang | October 15, 2010 at 5:40 PM

    Einhorn makes me horny.

  6. 6
    Posted by Guest | October 15, 2010 at 5:42 PM

    I have some very nice teddy bears available.

    -Matty

  7. 7
    Posted by Anonymous | October 15, 2010 at 5:50 PM

    “I want to send him a box of chocolates”…but I can’t because the stock has taken a beating the last two days taking the fund below the high water mark – now I’m just hoping to make my mortgage payments.

  8. 8
    Posted by guest | October 15, 2010 at 5:53 PM

    He manages a mutual fund. I don’t think he is to worried about high water marks.

  9. 9
    Posted by I'll take LEH for $100, Bruce | October 15, 2010 at 5:53 PM

    Hmm, a whole day to honor the man that is going to take 2/3rds of his money (Einhorn did say you could fairly value it around 11, if I recall). I would think that, like assrape, you want to get this over quickly. Or not.

  10. 10
    Posted by I'll take LEH for $100, Bruce | October 15, 2010 at 5:53 PM

    Hmm, a whole day to honor the man that is going to take 2/3rds of his money (Einhorn did say you could fairly value it around 11, if I recall). I would think that, like assrape, you want to get this over quickly. Or not.

  11. 11
    Posted by Tom Ace | October 15, 2010 at 5:53 PM

    Einhorn’s a man

  12. 12
    Posted by Tom Ace | October 15, 2010 at 5:53 PM

    Einhorn’s a man

  13. 13
    Posted by Guest | October 15, 2010 at 5:57 PM

    it’s behind a wall, at Reuters’ Hedgeworld, but on the wires.

  14. 14
    Posted by trojan | October 15, 2010 at 6:13 PM

    long-only strong-only

  15. 15
    Posted by The Ghost of Sarcasm Past | October 15, 2010 at 6:18 PM

    Yep, yep, after reading Einhorn’s presentation I clearly got the sense that no real research went into it, he was just wingin’ it. No wonder Bruce decides to enlighten us all with poor humor and no real arguments as to why Einhorn is wrong! But hey, it’s not like being a large shareholder prior to this makes him a bit biased or anything….

  16. 16
    Posted by The Zissou | October 15, 2010 at 6:24 PM

    Something stinks here, and its not Lisa Falcone’s dress

  17. 17
    Posted by 2020 | October 15, 2010 at 6:57 PM

    as the saying goes, “scoreboard bitch”.
    Berky: down $120mm in 2 days
    GL: too busy making monay to look up

    Berky: -60% in JOE since ’07… Maybe AIG Quant can tell us what that annualizes to?

  18. 18
    Posted by History is a useless degree | October 15, 2010 at 8:50 PM

    with correlation at 80% and Einhorn admitting that stockpickers are boned, I wish him luck but if QE2 says go high, it will go high.

  19. 19
    Posted by Guest | October 16, 2010 at 12:03 AM

    If I don’t know what it is can I afford it?

  20. 20
    Posted by Wilson Zaborac | May 10, 2012 at 3:41 AM

    And this: https://market.android.com/details?id=com.saycheese&feature=search_result

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