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Plum Creek Timber Co. Inc. Message Board

  • davidbear davidbear Jan 26, 2000 11:45 AM Flag

    Do Earnings mean anything?

    I just noticed that PCL beat eanings estimates by $0.08, does this mean anything? Would one of you more expert types tell me what you see in the 4th Quarter numbers.


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    • good to me; but it is my understanding that PCL
      now is REIT, and I don't know what that means to PCL
      and dividend payout. Maybe someone knows if FFO is
      affected by natural resource depletion allowance like real
      estate REITS FFO is affected by depreciation.

      • 2 Replies to axzl
      • Like others on this board I am struggling to make
        year over year comps between PCL reit and PCL LP. One
        of the things that I really do not understand is
        where the revenue and earnings from the mfg operations
        go to since they are particularly excluded from the
        quarterly numbers. Is this money laying around in a sawmill
        somewhere? Can we go get some of it? This may have already
        been addressed so please excuse my stupidity is so but
        there is just an awful lot of money not accounted for
        on the statement and I need a better understanding
        of this if I am going to stay in PCL. 2nd question
        re: taxes. Will we receive both a 1099 and a K2 this
        year since the change happened midyear? thanks for any
        and all help. Woody

      • but still need to know how FFO is calculated for PCL.