Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of real-estate developer St. Joe
So what: A weekend article in Barron's showed that Glenrock Asset Management founder Michael Katz is long on St. Joe, and also highlights just how successful Katz's investment strategy has been. Katz picks his longs and shorts based on the quality of cash flows, much like we like to do here at the Fool.
Now what: Glenrock doesn't love all real estate plays equally, and has shorted New York-centered SL Green Realty
Interested in more info about St. Joe? Click here to add it to My Watchlist.