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The St. Joe Company Reports First Quarter 2006 Net Income of $0.05 Per Share 


The St. Joe Company Reports First Quarter 2006 Net Income of $0.05 Per Share 
JACKSONVILLE, Fla.----May 2, 2006--The St. Joe Company today announced that its Net Income for the first quarter of 2006 was $3.7 million, or $0.05 per share, compared to $15.4 million, or $0.20 per share, for the first quarter of 2005.

Hot homes face cooling markets 
In some cities, dropoff in sales, rising supply could cause prices to fall Todd Linsley, a 37-year-old investor, bought a three-bedroom house in Stuart, Fla., for about $318,000 in late 2005. His original plan was to quickly flip the property -- which is in a new housing development about 40 miles north of West Palm Beach -- by selling it for as high as $425,000. But when he saw that the market