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REIT Comments |
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07/23/2010
PCH $37
Potlatch PCH traded UP $1.03 per share to close UP +3% day
PCH outperformed Specialty REITs, UP +15% year to date for 2010
PCH variability in lumber prices may impact stock price due to exposure to demand for wood products tied to US housing sector
PCH FFO to be achieved for 2010 depends on harvest volume as well as timber prices
PCH stock supported by current yield of 5.57%
PCH a Specialty REIT with a portfolio of timberlands and specialty wood processing mills
PCH we rank 2 BUY
PCH market cap $1.5 billion
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