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Rayonier Inc. Message Board

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  • sheamanski sheamanski Jan 19, 2006 3:26 PM Flag

    Timberwest

    they are converting to Reit. The properties they hold in seattle are worth 2 times the current price of the stock. They will have a timber arm and a real estate arm. By selling properties they will spin off cash to shareholders. When they convert the stock will be at $30 and it will pay a 7% dividend. Or they will be bought this year.

 
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