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T Rowe Price Comments on Weyerhaeuser

We added to our position in timberland owner Weyerhaeuser (NYSE:WY), whose shares lost more than a third of their value in 2018 amid a glut in domestic lumber supply spurred by a cooling housing market and the trade dispute with China. Weyerhaeuser generates strong cash flow and pays a hefty dividend yield, however, and we took advantage of its weakness to increase our position.


From T Rowe Price Equity Income Fund (Trades, Portfolio)'s second-quarter 2019 shareholder letter.
This article first appeared on GuruFocus.