Wow, this stock was hammered today! The company has terrific management and really knows how to lean itself down during hard times. Yes, they will be losing money, they produce lumber (among other things) so with the home building freeze it's a given. That said, I think they've got some terrific assets in their timberlands. Once this business cycle bottoms out this company will be one of the first to turn around. Meanwhile it's paying a handy dividend, having just declared a 60 cent quarterly payout on the 16th of October.
$30.59 (10/24/08)
