St. Joe's - Board Change Announced

St. Joe's Company has announced the CEO is stepping down, effective immediately. While having solid management in place is important, this could be the catalyst needed to reorganize this huge real estate company. If you look at a chart for St. Joe's you have seen this stock drop from highs in the $80s to definitely seeing the lows. I would have loved to muster up the courage and buy in the stock in the teens but I was a little nervous at that point. This cost me some percentage points but I'd like to think that at least we see pieces shifting that will cause this company to continue to move in the right direction with hopefully now a more limited downside. This is still a high risk high reward trade, as REAL ESTATE, FLORIDA, changing your Quarterly Reporting date, and big bettors are all going against the company. And my analogy for the day is, I hope the Florida (orange) squeeze is on, as that alone can move this stock in the right direction.