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:
All Keyword Tags
ChinaRallypoundcommoditiesBrazileconomic recoverytechnical analysisbankscentral banksinflationtech stockseuroDividend PortoliodollarQualcommtechnology stocksoil drilling and service stocksFederal ReserveAAPLglobal financial crisisnatural gas stocks50 Stocks portfoliointerest ratesOPECconsumer spendingenergy stocksJubak PicksChesapeake Energyincome investingyenunemploymentbank stocksemerging marketsgoldCHKdividend income investingLong-term Investingfoodrecoveryoil stocks
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