Rayonier (RYN)

Rayonier (RYN)

Postby winston » Fri Apr 20, 2018 10:01 pm

not vested

A BULL MARKET IN TIMBERLAND

Today, we'll focus on the skyrocketing price of lumber...

Several factors have helped push lumber prices to record highs. Since last summer, wildfires in Canada and other issues have caused a major supply shortage.

And last April, President Trump announced tariffs on Canadian lumber. All this is bad news if you're building a home (especially as the U.S. housing market heats up). But it's great for timberland company Rayonier (RYN)...

Rayonier is one of the few "pure play" timberland stocks in the market. The company owns roughly 2.6 million acres of timberland in 11 U.S. states and New Zealand. Most of its timberlands are in Southern states (like Steve's native Florida).

And with the lumber shortage driving prices higher, Rayonier's earnings and land value will get a big boost.

You'll notice in the chart below that Rayonier's stock has taken off over the past year. It's up about 30% in that span... And shares just broke out to a fresh all-time high (on a split-adjusted basis). Timberland is working well for Rayonier...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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