Plum Creek Timber is a REIT that took a beating becaue of it's association with home builders.
PCL owns ands manages timber lands. When people need 2x4s to build houses PCL has better selling rights to their timbers, but still even in today's market the company is able to pay over 4% in dividends.
It's the type of business that maintains its value with limited over head during the down cycle and is ready to roar when things gets better. In the mean time people need paper.
One odd fact is while home values have fallen rural land prices has risen since 2005. This company owns many acres of rural land.
$39.55 (03/31/08)
