The St. Joe Company (NYSE:

) continues to climb higher, gaining more than 7% today. Rumors are coming out that the company could potentially be a takeover target, and some have speculated that other potential real estate development companies could be looking at the company. The company

Fairholme Capital's Bruce Berkowitz and Charles Fernandez to its Board of Directors. At last check, shares were up $1.35 to $21.52 on 1.6 million shares so far. The St. Joe Company operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate, Commercial Real Estate, Rural Land Sales, and Forestry.