St. Joe Is Basically A Land Trust -Berkowitz On CNBC (JOE)

As investors know, David Einhorn of Greenlight Capital Reinsurance GLRE and David Berkowitz have been having a war about the value of St. Joe JOE. On CNBC today, Berkowitz says that if St. Joe were to go private at these levels, it would not be in the best interests of shareholders. Moreover, he claimed that St. Joe is "basically a land trust."