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Started By
Message
Timber Companies (WY, PCL, RYN, BCC)
Posted on 5/6/15 at 10:20 am
Posted on 5/6/15 at 10:20 am
I like companies in my portfolio that deal with physical basic commodities. Alcoa for aluminum, many O&G companies, a couple agriculture companies, and so on.
I've been researching timber companies over the last year or so and I wanted to get some responses or any hot info y'all may have before I decide which company to buy. I'm about ready to pull the trigger.
BCC- Boise Cascade recently came on the public trading scene about a year ago and quickly rushed up to $40/share. It has slid back to the $35 range. It does not pay a dividend. I think it's overvalued for what it is.
WY- Weyerhaeuser Co. has been around for a while. They purchased Willamette's timber holdings in Louisiana probably 40 years ago. They seem to have land in every O&G area of interest I've been associated with in Louisiana. They pay a 3.67% dividend which is $.29/share a quarter. Not too bad for a $31 stock currently trading only $2 off 52 week lows.
PCL- Plum Creek trades at $41.50/share and pays a respectable 4.17% dividend at $.44/share/quarter. Steady. It's 52 week high and low is only a $5 difference.
RYN- Rayonier is based in the Southeast and trading today at it's 52 week low. It pays a nearly 4% dividend at $.25/share/quarter. Not bad for a $25 stock.
In order of attractiveness I would rank them...
PCL
RYN
WY
BCC
I know the above is very a simple summary, but I have dug a little deeper into earnings reports etc, although I admittedly no technical research guru. Most of my decisions are based on news reports, stock price, dividend payments, and just which one I like in general. I'm a buy and hold kind of guy. I don't actively trade back and forth as much as just accumulate shares.
I reckon I'm just seeking general discussion about these companies, good or bad. The industry in general, or any other companies I should look at.
Thoughts?
I've been researching timber companies over the last year or so and I wanted to get some responses or any hot info y'all may have before I decide which company to buy. I'm about ready to pull the trigger.
BCC- Boise Cascade recently came on the public trading scene about a year ago and quickly rushed up to $40/share. It has slid back to the $35 range. It does not pay a dividend. I think it's overvalued for what it is.
WY- Weyerhaeuser Co. has been around for a while. They purchased Willamette's timber holdings in Louisiana probably 40 years ago. They seem to have land in every O&G area of interest I've been associated with in Louisiana. They pay a 3.67% dividend which is $.29/share a quarter. Not too bad for a $31 stock currently trading only $2 off 52 week lows.
PCL- Plum Creek trades at $41.50/share and pays a respectable 4.17% dividend at $.44/share/quarter. Steady. It's 52 week high and low is only a $5 difference.
RYN- Rayonier is based in the Southeast and trading today at it's 52 week low. It pays a nearly 4% dividend at $.25/share/quarter. Not bad for a $25 stock.
In order of attractiveness I would rank them...
PCL
RYN
WY
BCC
I know the above is very a simple summary, but I have dug a little deeper into earnings reports etc, although I admittedly no technical research guru. Most of my decisions are based on news reports, stock price, dividend payments, and just which one I like in general. I'm a buy and hold kind of guy. I don't actively trade back and forth as much as just accumulate shares.
I reckon I'm just seeking general discussion about these companies, good or bad. The industry in general, or any other companies I should look at.
Thoughts?
3
Posted on 5/6/15 at 10:50 am to Clyde Tipton
I trust Fidelity's Equity Summary Scores. Seems they are extremely bearish on all of these stocks (<2.5 out of 10 on equity score) except BCC which has a neutral rating of 6.5 and is the only stock on there that any analyst says will outperform or is a buy
Posted on 5/6/15 at 10:59 am to Clyde Tipton
PCL is one of the largest land owners in America. They primarily deal with hardwoods and I would not expect there to be a large deviation of their stock price. If you can get in around the average low then stick with it.
PCL and WY are buys more so for the dividend. The stock price for them is more circular.
Hardwood prices are coming up on 18month lows are steadily dropping week after week. Chinese aren't buying oak right now. However, Common and 2Common flooring is selling very well in the southern US and that is a big thing keeping a lot of mills running.
With a long wet winter and a lot of mills not doing their due diligence there aren't a lot of mills running full capacity. However, the wood is there if you need it and cheap.
PCL and WY are buys more so for the dividend. The stock price for them is more circular.
Hardwood prices are coming up on 18month lows are steadily dropping week after week. Chinese aren't buying oak right now. However, Common and 2Common flooring is selling very well in the southern US and that is a big thing keeping a lot of mills running.
With a long wet winter and a lot of mills not doing their due diligence there aren't a lot of mills running full capacity. However, the wood is there if you need it and cheap.
Posted on 5/6/15 at 10:59 am to yellowhammer2098
quote:
BCC which has a neutral rating of 6.5 and is the only stock on there that any analyst says will outperform or is a buy
I just wish they paid a dividend, and maybe they will in the future.
Posted on 5/6/15 at 12:36 pm to Clyde Tipton
It might not matter much but I do know that Packaging Corporation of American recently bought out quite of few of Boise Cascades Paper mills. I don't know if PCA took over Boise's land holdings though.
This post was edited on 5/6/15 at 12:38 pm
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