This is a big cash-flow generator running full-on in all directions, and a lower risk play than St. Joe. St. Joe had to convince people to go to the Florida panhandle. That's a tough sell. Who wants to go to Hawaii? Everybody.

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They beat estimates, which were lowered after the four-day break, but the high volatility when the markets reopened pretty much offset that. The high volume probably won't continue and their quarter is pretty much what we expected.

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