WY could get a big boost from sale of home building unit
I initially bought into WY because I wanted exposure to building materials and liked the fact that they ran a building unit too. After following recent company news, I think management's strategy to divest this unit and focus on lumber and related wood products is a good move.
Nice article out yesterday on SA @@@@Weyerhauser Is Irrationally Cheap With Powerful Catalysts@@@
From WSJ @@@@Plans by timber conglomerate Weyerhaeuser Co. to market its home-building unit, valued at more than $3 billion, accelerated last week as prospective bidders submitted preliminary expressions of interest in a deal, according to people familiar with the matter.
The spinoff is got to be worth 6 bucks a share or better......but the dam thing don't move at all.Awhile back there was somone who bought a load of puts...makes me wonder what is holding this back.Maybe another great earnings report wil help.I bought more at 27.55.