Your Opinions on 2008 Conservancy Sale Completion?
2Q'10 revenue 258M with 78M cash flow 35M 'earnings' PCL holds 250M cash Sawlog$ +30% yoy Sawlog production +30% yoy Real estate sales was 16.6% of revenue and that was recreation and non-stategic lands BTW sold for $2,150 per acre. Current pps values land at $1,200 per acre. Each $100 per acre over the $1,200 price should add $4 per share value. And remember PCL plants 70M seedlings each year. Buy it at $25 per share if you can LOL More like $32 on dips.
Thanks Winmore_98 and Cliffmaster for your comments. I'll look into your figures to see if I want to get back in and at what price. I do hate to sell such a dividend payer, but at $38 and other opportunites beckoning, that was the decision. Right or wrong, time will tell. Best wishes for your investments to you.