Its not what mills are doing today..
its what they will be doing 1 yr from today. Off course mills are losing money today...thats why the stock has fallen from $30 to $20....timber prices are at the lowest prices in over 10 yrs...you buy this stock today at a %6 yld for an expectation of a move back to $30 before the economy fully recovers...when demand picks up and timber prices rise..PCL will ALREADY have gained 30% back to the high 20's...