Rayonier owns, controls or leases about 2.7 million acres of timberland. Some of those 2.7 million acres–what’s known as higher-and better-use land — are more valuable for development than as timberland. I’d estimate that about 400,000 acres fall into that category. At the June 2009 price of $41 a share, investors who bought the stock were getting Rayonier’s land for about $7,500 an acre. (Full disclosure: I own shares of Rayonier in my personal portfolio.)
Jim’s Daily Email Alerts:
Get Even More Jim!
- • More profiles of hot (and cold) sectors
- • More strategies for profiting from volatility
- • More about macro trends driving the market
- • More on where the market is heading – short-, medium- and long-term – including a Saturday Night Quarterback look at the week ahead!
Subscribe now for a year for just $199