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Plum Creek Timber Co. Inc. Message Board

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  • langdonsmith langdonsmith Mar 1, 2004 8:29 PM Flag

    Wow, great job Plum Creek !!!....

    PCL should buy my non strategic timber property in lake county ca...former LP tract. 300 acres...Who should I call????

    Since Im a shareholder I will give them a 2% discount off asking price.heheheheeheheh

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    • Sorry Langdon, they are selling non-strategic land, not buying.

      If your pine trees are near marketability, you may have a shot. I imagine that at some point PCL will buy more strategic properties.

      Canada perhaps?

      • 1 Reply to clintejr
      • I know nothing about timber nor the timber busness but know a little about owning land. The much balleyhooed land sale is for $550.00 per acre. My question is what value does the land have if it doesn't have timber potential?

        One of the new posters below mentioned the PE of PCL. I would point out to him that a REIT rarely has a decent PE. Most REIT's I consider are for safety and income not future appreciation. In the past couple of years it has worked out a lot better than the utilities but even they are coming back now.

        A final observation is that owning land is a poor way to make a living but if you are successful at it you do get rich in the end. I would hope the same turns out to be true with REIT's as I have quit buying land. Too danged much work. Don't want to sell any land but don't want to buy any more either.

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