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Plum Creek Timber Co. Inc. Message Board

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  • lincolnparker60614 lincolnparker60614 May 8, 2010 1:33 PM Flag

    38.25

    My buy price for PCL is $36.17 or less. 6-month closing low is $32.81 although this will be 6-months+ in a couple of days plus 2 years dividends = 3.36 = 8*0.42. 36.17 = 32.81+3.36. It is the responsibility of the investor to pick a price and buy. I'm hoping PCL goes below this price.

    Goldman Sachs has a $40 target price on PCL.

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    • Worked out well....... recommending buy/write


      39.17 purchase would even work......


      Jan 2012 $40 strike call sold at 4.80

      purchase at 39.17 (0.83 built in profit if option is exercised)

      4.80 downside protection for a cost basis of 34.37 with 6 dividends of 0.42 between now and then.......


      Not a bad trade if your betting on a steady boat till the end of the year.

 
PCL
41.59-0.03(-0.07%)May 22 4:05 PMEDT