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REIT Comments |
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07/26/2010
PCL $38
Plum Creek Timber PCL to report results for 2Q 2010 after the close of trading today
PCL expected to report EPS for 2Q 2010 in range of EPS $0.10-$0.15 per share
PCL previous guidance for EPS for 2010 $1.30-$1.50 per share v $1.48 FLAT - DOWN (12%)
PCL results for 2010 impacted by timber harvest volume decline and variability in sawlog prices
PCL recovery in housing sector should cause sustained increase in lumber prices as increase in new permits for home construction translates to higher demand for lumber and wood products
PCL a Specialty REIT with a portfolio of timberlands and sawlog mills
PCL we rank 2 BUY
PCL market cap $6.2 billion
PCL an S&P 500 Index REIT
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