$39.66
0.48 (+1.23%)
Plum Creek Timber Co., Inc. (NYSE:PCL)
CAPS Rating:
The company is a real estate investment trust (REIT) company which owns and manages timberland in the United States, producing various wood-based products.
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Sooner or later, people will want new homes, and builders will build new homes. When that happens, they will need lumber. Until then, it is a great time to watch your trees grow and collect a nice dividend. It is an aspect of the construction materials industry where it is relatively inexpensive to sit on the sidelines until things get better.