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Rating:Berkowitz is 'Open To All Possibilities' for St. Joe's Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 29, 2011

Berkowitz is 'Open To All Possibilities' for St. Joe's

News summary by MFWire's editors

Bruce Berkowitz is open to all possbilities when it comes to turning around St. Joe's, a portfolio company whose board he recently helped toss before joining the new board. In fact, the Fairholme [see profile] star recently told the Miami Herald that he plans to “very quickly do what needs to be done to move St. Joe forward," and is "open to all the possibilities" in terms of acquisitions, hiring, restructuring and/or capital raising.

Berkowitz's ideas for the company’s land include mining, manufacturing, forming an economic development zone to create new jobs, garnering investment from international companies, forming strategic partnerships with other real estate development companies, and making acquisitions of adjoining land.  

Edited by: Hung Tran

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