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  "docSlug": "391ebdd9703c",
  "documentTitle": "The St. Joe Company (JOE)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2010-10-13 00:00:00",
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      "text": "Further development destroys value",
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      "text": "The best stuff has been sold\nReal estate development has not had a positive return even if the financials are correct\nJOE needs to take substantial impairment\nFurther development destroys value\nJOE seems to understand this and has stopped investing",
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      "kind": "title",
      "text": "Conclusions",
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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