Timber?

[Brat]

For those of us with pitch in our veins, particularly a grand child of a mill owner (and great grand child of a Norwegian widow), the changes in the industry mark our aging.* I visited a cousin recently when the subject of Ken Ford came up.* He and I once sat at the same table and I came to appreciate his management skills.* The firm he controlled is closely held, an important employer in southern Oregon.* His passing, however able his successors, is unsettling.*

Other significant players in the industry, such as Hampton, are also private companies.* From their web site you can see that they have made acquisitions to secure raw material resources.* You can also see the the adjustments from big to small log processing (which is happening throughout the business).

A pure timberland play needs to have diverse geographic and species holdings.* A big bonus would be development potential.

[boutros]

DLP and RYN... similar to PCL. Let me know the results if you do a correlation study them.

[wildcat]

Quote:

DLP and RYN... similar to PCL. Let me know the results if you do a correlation study them

I haven't done anything with those but if any timber co is structured as a REIT I think it will be correlated to REITs.

[haha]

Quote:

Originally Posted by Brat A pure timberland play needs to have diverse geographic and species holdings.* A big bonus would be development potential.

I can't think why. Remember Arcata- as pure as they get, and all western red cedar.

Fast growing southern yellow pine, near markets. Why would you want to dilute your investment and mangement with anything else? Although some of those southern hemishere species like Radiata sure do grow fast, and are close to Asian markets.

Ha

[Brat]

Ever heard of the tussic moth or the western pine beatle?

Nature can be perverse.

[nwsteve]

Quote:

Originally Posted by brewer12345 Aside from directly held land and PCL, anyone aware of other ways to get timber exposure?

Here is the latest addition to the Timber REIT--Potlatch converts as of Jan 1.* (PCH)
Longview Fiber is supposely also considering.* If you had bought pch earlier when originally announced you would have enjoyed a 10 pt swing on the news

NEW YORK, Dec 20 (Reuters) - Forest products company Potlatch Corp. (PCH) said on Tuesday its board approved a plan to convert the company to begin operating as a real estate investment trust, or REIT, effective Jan. 1, 2006.

Potlatch said it will increase authorized shares to 100 million from the current 40 million. It also said it will pay aspecial earnings and profits distribution of between $440 million and $480 million in cash, stock, or both, with the aggregate cash payment to be capped at 20 percent. The special earnings and profits distribution is expected to occur in the first quarter of 2006, as originally announced.

The Spokane, Washington-based company said it expects to pay its first quarterly distribution as a REIT of 65 cents per share by the end of February.
nwsteve
ps No I did not get the play either