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Plum Creek Timber Co. Inc. Message Board

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  • bamajoe20715 bamajoe20715 Jun 17, 2009 9:10 PM Flag

    Dump it, according to Barron's

    Schaffer says pcl has excellent management.Yet he values the stock at 10 to 12 dollars a share,notwithstanding the fact that said management bought back stock at 26.25.Why would excellent management buy back stock at 26.25 when it is only worth 10 to 12 dollars a share.What is wrong with this picture?