Our guest on Episode 10 of Compounders was Jorge Gonzalez, the CEO of The St. Joe Company (NYSE: JOE). St. Joe is a $2.56 billion market cap company whose main asset is a huge landholding in Northwest Florida. A lot of investors may remember that the company has been the subject of a number of short reports over the last decade. But since Jorge became CEO in 2015, St Joe has consistently grown its revenue and EBITDA—and has diversified its revenue base. Also, after a period of time in which the stock was unable to break out, over the last year it has risen to levels that had not been seen since the mid-2000s.

Given the company’s recent success, I was excited to talk to Jorge about his vision for the future of the company and what people may not be appreciating about its unique asset base. Specifically, we discussed:

• What it means to operate as an owner-oriented company;
• The demographic trends that are fueling growth in Northwest Florida;
• What the shorts have gotten wrong over the years;
• How the company approaches the risk of hurricanes in the region; and
• What Jorge has learned from the company’s Chairman, Bruce Berkowitz of Fairholme Capital

Please enjoy the interview at the following sites:

Podbean: https://compounders.podbean.com/e/the-next-50-years-in-western-florida-with-jorge-gonzalez-ceo-of-the-st-joe-company-nyse-joe/
Spotify: https://open.spotify.com/episode/6IWrvvvJXkyeuiFZPvMJOF
Apple: https://podcasts.apple.com/us/podcast/the-next-50-years-in-western-florida-with-jorge/id1579124518?i=1000537583689
YouTube: https://www.youtube.com/watch?v=YJzSoGbU0eg

And if you missed the previous Compounders podcast with ViaSat Executive Chairman, Mark Dankberg, you can view it here.

Also, if you have any comments, feedback, or guest recommendations, please contact us at podcast@covestreetcapital.com. You can also follow the podcast on Twitter @ https://twitter.com/CompoundersPod.