(PCL) Overvalued Timber REITs: Why Timber Investing Isn’t What It Used To Be
by David Fessler, Advisory Panelist Ten years ago, it would be hard to imagine a more stable investment than timber, or those Real Estate Investment Trusts (REITs) that bought millions of acres of...
View Article(DHI) New Home Sales: Some Good News
Raise High the Roofbeam, Carpenter! More good news on the housing front: new home sales jumped 9.6% in July to a seasonally adjusted annual rate of 433,000. In addition, June sales were revised up from...
View Article(MWV) MeadWestvaco Corporation Beats Expectations Handily
MeadWestvaco Corporation (MWV) reported solid profit improvement across all of its businesses for the third quarter of 2009. Pre-tax earnings from the company’s business segments increased 43% to $204...
View Article(WY) Weyerhaeuser Company Hit by Poor U.S. Housing Market
On Friday, before market opened, Weyerhaeuser Company (WY) reported discouraging results for the third quarter 2009. The company reported net sales of $1,407 million compared to $2,107 million in the...
View Article(WY) Weyerhaeuser Co Announces Tender Offer
Earlier this month, Weyerhaeuser Co. (WY) announced the commencement of a cash tender offer to purchase up to $500 million principal amount of its 6.750% notes due in March 15, 2012. Weyerhaeuser is...
View Article(WY) Weyerhaeuser Company to Convert to REIT
Weyerhaeuser Co. (WY), a leading forest products company, has announced its plans to convert to a real estate investment trust (REIT). The company said that its board of directors determined that...
View Article(WY) Institute for Supply Management’s Manufacturing Index Rises
The Institute for Supply Management’s survey of manufacturing purchasing managers was stronger than expected in December, coming in at 55.9 — up from 53.6 in November and better than the consensus...
View Article(MWV) MeadWestvaco Misses Earnings Expectations
MeadWestvaco Corp. (MWV) reported fourth-quarter 2009 results before the opening bell today. The company swung to a GAAP net profit from continuing operations of $51 million from a GAAP net loss of $16...
View Article(WY) Weyerhaeuser Company’s Earnings Miss Expectations
Weyerhaeuser Company (WY) reported a net loss of $109 million or 52 cents per share for the fourth quarter of 2009, compared to a net loss of $209 million or 99 cents in the same quarter of 2008....
View Article($MSFT) Institute for Supply Management’s Survey Shows Manufacturing Dips but...
The Institute for Supply Management’s (ISM) manufacturing survey slipped to a reading of 56.5 from 58.4 in January, a drop of 1.9 points and below the 58.0 reading that was expected. However, anything...
View Article(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits
If you’re not following the money into timberland stocks, you should. Here’s why… Timberland has outperformed the S&P 500 since 1910. In recent history, timber has outperformed the market...
View Article(DHI) National Association Of Homebuilder’s Index Drops
The National Association Of Homebuilders sentiment index fell to 15 in March from 17 in February. While the index is well off its record low of 8 set back in January 2009, it remains very depressed....
View Article(WY) Weyerhaeuser Reports Earnings Loss – Shows Improvement
Weyerhaeuser Company’s (WY) first quarter net loss was $20 million compared with a net loss of $264 million in the year-ago quarter. Reported net loss per share was 10 cents compared with a net loss...
View Article(SHW) Good News, Bad News For U.S. Existing Home Sales
In April, existing home sales rose a greater-than-expected 7.6% to a seasonally adjusted annual rate of 5.77 million. That is up 22.8% from the 4.70 million rate of a year ago. The expectations were...
View Article(WY) Weyerhaeuser First Quarter 2010
Impressive first quarter results and robust second quarter guidance resulted in overall positive sentiments for Weyerhaeuser Co. (WY) following its earnings release on April 29, 2010. The company...
View Article(WY) Weyerhaeuser’s Announces 324 Million Share Special Dividend
Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average...
View Article(BRKB) Housing Starts Surge – Analyst Blog
Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus...
View Article(AAPL) Stock Market News for October 29, 2010 – Market News
Stocks had a mixed day on Thursday as investors weighed mixed earnings reports and a possible announcement from the Federal Reserve to buy bonds. 3M Co.’s downbeat earnings and its tepid full-year...
View Article(WMT) Case-Schiller Index Shows Home Prices Falling Again
Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted...
View Article(SHW) U.S. Pre-Existing Home Sales Fall in October 2010
In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million...
View Article(SHW) U.S. Used Home Sales Rise in October
In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million...
View Article(SHW) U.S. Existing Home Sales Rise
In December, existing home sales ran at a seasonally adjusted annual rate of 5.28 million. That pace is 12.3% higher than in November, but 2.9% below the year-ago rate. The year-ago rate of 5.44...
View Article(SHW) Existing Home Sales Rise – Analyst Blog
In January, existing home sales ran at a seasonally adjusted annual rate of 5.36 million. That pace is 2.7% higher than in December, and 5.3% above the year-ago rate. The year-ago rate of 5.09 million...
View Article(A) Stock Market News for March 7, 2011 – Market News
Crude prices soared to more than $104 per barrel, the highest level since September 2008, following continued tension in Libya and dragged the markets lower on Friday. Not only did surging crude prices...
View Article(SHW) U.S. Home Reseale Report Better than Expected
In March, Existing Home Sales ran at a seasonally adjusted annual rate of 5.10 million. That pace is 3.7% higher than in February, but 6.3% below the year-ago rate. The March sales rate was above...
View Article(MWV) Mixed Results for MeadWestvaco
MeadWestvaco Corporation (MWV) delivered adjusted EPS of 43 cents in its first quarter of 2011, significantly beating the Zacks Consensus Estimate of 23 cents per share and more than three times the...
View Article(SHW) Used Home Sales Down – Inventories Up
In April, Existing Home Sales ran at a seasonally adjusted annual rate of 5.05 million. That pace is 0.8% lower than in March, and 12.9% below the year-ago rate. The year-ago numbers were somewhat...
View Article(AFL) Company News for May 31, 2011 – Corporate Summary
• Marvell Technology Group Ltd. (NASDAQ:MRVL) reported first quarter fiscal 2012 adjusted earnings per share of 24 cents, 2 cents shy of the Zacks Consensus Estimate of 26 cents. Despite the miss,...
View Article(IP) Temple-Inland Responds to IP Bid
To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend...
View Article(IP) Temple-Inland Responds to International Paper Bid
To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend...
View Article(SHW) U.S. Used Home Sales – Prices Fall
In May, Existing Home Sales ran at a seasonally adjusted annual rate of 4.81 million. That pace is 3.1% lower than in April, and 15.3% below the year-ago rate. The year-ago numbers were somewhat...
View Article(WY) Weyerhaeuser to Sell Hardwood Unit
Weyerhaeuser Company (WY) recently entered into an agreement to sell its hardwood and industrial products division to American Industrial Partners. Financial terms of the transaction were not...
View Article(MWV) MeadWestvaco Builds New Boiler
MeadWestvaco Corporation (MWV) recently announced its plan to invest $285 million for building a new state-of-the-art biomass boiler and upgrading the power infrastructure associated with it at its...
View Article(IP) Temple-Inland Shareholders Nod to International Paper Merger
The International Paper (IP) – Temple-Inland (TIN) merger has been approved by more than 98% of Temple’s shareholders. This clears a major hurdle in the creation of a company that would enjoy about 40%...
View Article(MWV) MeadWestvaco Impacted by Weak Demand
MeadWestvaco Corporation (MWV) announced that it expects pre-tax income from its business segments (before Corporate and other) in the range of $150 to $160 million for the fourth quarter of 2011. For...
View Article(IP) International Paper and Temple-Inland Extend Review Time
The International Paper (IP) – Temple-Inland (TIN) merger has been delayed as both parties have agreed to extend the U.S. Department of Justice’s (DOJ) review period till February 13, 2012. The...
View Article(WY) The Recovery is Beginning
Ever since the financial system was on the brink of complete collapse four years ago, it’s been a tough slog. But that shouldn’t be unexpected. This was no ordinary recession. When someone recovers...
View Article(WY) Weyerhaeuser Company – Bull of the Day
We have upgraded our recommendation on Weyerhaeuser Co. (WY) from Neutral to Outperform based on the high growth the company has achieved, reducing total costs and increasing prices. Also, the company...
View Article(AAPL) Fourth Quarter 2012 Earnings Season Gets Into High Gear – Earnings...
The fourth quarter reporting season gets into high gear this week, with 253 companies coming out with quarterly results, including 83 S&P 500 companies. The earnings season thus far has been...
View Article(LPX) Louisiana-Pacific Corporation – Momentum
Louisiana-Pacific Corporation (LPX) gained significant momentum after acquiring the remaining shares in the Peace Valley joint venture from its partner, Canfor Corporation. This Zacks Rank #1 (Strong...
View Article(WY) Weyerhaeuser Raises Dividend
Weyerhaeuser Company (WY) once again announced rewards in the form of quarterly dividends for its shareholders. This time the dividends were higher than the disbursements made previously. The quarterly...
View Article(PCL) Industry Rank Analysis: Knock on Wood – Zacks Industry Rank Analysis
Jumping up Zacks Industry Ranks in response to revitalized real estate demand. Sitting just last week at #192 on the Zack’s Industry Rank list, strong recent demand for building materials –and upgrades...
View Article(PCL) Industry Rank Analysis: Knock on Wood – Zacks Industry Rank Analysis
Jumping up Zacks Industry Ranks in response to revitalized real estate demand. Sitting just last week at #192 on the Zack’s Industry Rank list, strong recent demand for building materials –and upgrades...
View Article(WY) Bullish on Weyerhaeuser
We recently upgraded Weyerhaeuser Company (WY) from Neutral to an Outperform recommendation. Why the Upgrade? Weyerhaeuser is one of the leading U.S. forest product companies and has a market...
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