The Reason Burce Berkowitz Bought St. Joe's

Bruce Berkowitz is at the Morningstar Investment Conference and he is talking about the reason he bought St. Joe's JOE. According to Charles Rotblut, who is at the conference, Berkowitz bought St. Joes "because he grew up in a one-bedroom apt and he wanted a backyard." Shares of St. Joe's are down 17 cents to $19.17, a loss of 0.88% on the session. Berkowitz runs Fairholme Capital, a Florida-based mutual fund.