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Plum Creek Timber Co. Inc. Message Board

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  • axzl axzl Jan 28, 2000 5:59 AM Flag

    Do Earnings mean anything?

    decided against investing in PCL for two reasons.
    The first is that I don't understand enough about how
    PCL will function as a REIT in comparison to real
    estate REITS. That is my problem. The second is that I
    have never seen a REIT where the underlying book value
    was so low compared to the market value. I would not
    feel comfortable with it, so I'm staying out. PCL is
    probably a very good investment and I wish all longs the