Berkowitz Doesn't Know Why St. Joe (JOE) Is Still Public; Says He Into Making Money Not Debating With Short Einhorn

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In a CNBC interview on Strategy Session with David Faber, Bruce Berkowitz of Fairholme Capital discusses his large investment in The St. Joe Company (NYSE: JOE).

When asked why the company is public, Berkowitz simply stated "I don't know," suggesting it should go private.

Berkowitz said the company has amazing properties, is in the tax free state of Florida, and is a great stock for a rising economy.

Discussing David Einhorn's short bet against JOE, Berkowitz said David made great points in his short thesis. He also said "I'm about making money for my shareholders," not about debating about a specific position.

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Related Entities

David Faber, Greenlight Capital, David Einhorn, Fairholme Capital Management, Bruce Berkowitz

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