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.
The Associated Press reports that jobless claims -- at 455,000 -- hit a six-year high in July. Analysts underestimated the total by 25,000, as they forecast 430,000 such claims. When combined with this morning's disappointing July retail sales results, the economy appears to be doing worse than experts expected.
Perhaps the most interesting day of the week is Tuesday. Earnings reports from Cisco, Procter & Gamble and AIG are coming. Also we receive another FED interest rates decision from FOMC meeting. Widely expected is hold action from FED.
Monday: Economic Inc & Spend (-0.1%, 0.5%), Factory Orders (0.7%) Earnings Cooper (CTB), DISH (DISH), Humana (HUM), ICExchange (ICE), Fannie (FNM), China Med (CMED), Anadarko (APC), Bankrate (RATE), Qiagen (QGEN), Otter Tail (OTTR)
Tuesday: Economic ISM Services (48.0), FOMC Meeting Earnings Archer D (ADM), AIG (AIG), Brinker (EAT), DR Horton (DHI), Emerson (EMR), J...
Perhaps the most interesting day of the week is Tuesday. Earnings reports from Cisco, Procter & Gamble and AIG are coming. Also we receive another FED interest rates decision from FOMC meeting. Widely expected is hold action from FED.
Monday: Economic Inc & Spend (-0.1%, 0.5%), Factory Orders (0.7%) Earnings Cooper (CTB), DISH (DISH), Humana (HUM), ICExchange (ICE), Fannie (FNM), China Med (CMED), Anadarko (APC), Bankrate (RATE), Qiagen (QGEN), Otter Tail (OTTR)
Tuesday: Economic ISM Services (48.0), FOMC Meeting Earnings Archer D (ADM), AIG (AIG), Brinker (EAT), DR Horton (DHI), Emerson (EMR), J...
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About Weyerhaeuser Company
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