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Well (just sayin') , that that MAY HAVE BEEN a bit of a buying op.....
At one point it was down 2.7 %
Now it's only down 1.4 ?....Currently sitting at 28.64
Thanks for your explanation
4 days ago :
http://ih.advfn.com/p.php?pid=nmona&article=78349128
People are questioning the US housing market now that mortgage rates are approaching or exceeding 5%. However, I consider WY a core low-risk portfolio holding, and I don't worry unduly about the share price.
Short-term movements in WY’s share price—or in the spot price of lumber—don’t mean much, IMO. Timberlands, which comprise the majority of WY’s profits, are a business where the fundamentals change very gradually.
Wrong chart last, old age thing
https://www.finviz.com/futures_charts.ashx?p=d1&t=LB
Dew, I don't follow lumber, your take of the 4 month drop and the future?
https://stockcharts.com/h-sc/ui?s=HAIR&p=D&yr=1&mn=0&dy=0&id=p00643546400
WY announces CEO transition: #msg-143185581.
WY boosts annualized dividend to $1.36:
https://finance.yahoo.com/news/weyerhaeuser-announces-6-3-dividend-011500527.html
For discussion, please see #msg-143134632.
WY new corporate slide set:
http://pro.edgar-online.com/displayfilinginfo.aspx?source=external&tabindex=2&FilingID=12591663&Type=HTML&Text=
Upgrade; Bank of America: Neutral to Buy
1/24/2018
It should be a good year for 2018 just like many other housing related stocks! In terms of valuation, the stock does not seem to be overbought at the moment of overvalued compared to the overall market.
The 2017 10-K has been filed:
https://www.sec.gov/Archives/edgar/data/106535/000010653518000013/wy-123117x10k.htm
WY 4Q17 items…
PR:
http://investor.weyerhaeuser.com/2018-02-02-Weyerhaeuser-reports-fourth-quarter-full-year-results
Financial tables:
http://investor.weyerhaeuser.com/download/WY+Q4+2017+Analyst+Package.pdf
CC slides:
http://investor.weyerhaeuser.com/download/2017+Q4+Earnings+Release+Slides+020218.pdf
WY’s 2017 dividend payout—>100% LTCG, as usual:
https://finance.yahoo.com/news/weyerhaeuser-announces-tax-treatment-2017-213000801.html
You do the up dating.
I will follow.
I shorted WY back in 1972
and covered it soon after.
I owned PCL for many years. WY acquired PCL in an all-stock deal in Feb 2016.
Why do you look at WY ?
Have you watched WY for many years ?
Or are there other reasons ?
WY boosts dividend to annualized $1.28 (from $1.24):
https://finance.yahoo.com/news/weyerhaeuser-announces-3-2-dividend-011500439.html
I was expecting a larger boost, but WY is evidently using a baby steps approach; a second dividend increase in the next few quarters remains pretty likely, IMO.
At the current share price, the new annualized payout yields 3.5%.
WY expects 1.2M US housing starts in 2017—and increasingly higher levels in 2018-2020.
The 1.2M figure for 2017 a reduction of 0.5-1.0 relative to WY’s forecast in early 2017. The lower demand is due, in part, to the severe hurricanes.
WY monetizes Twin Creeks JV—$107.5M proceeds—and sells (non-core) timberlands to Twin Creeks for $202.5M, for total proceeds of $310M:
https://finance.yahoo.com/news/weyerhaeuser-redeems-ownership-interest-twin-070500402.html
Twin Creeks is a JV established by PCL several years ago with private investors.
Barron's on lumber prices and effect of storm damage: #msg-134668781.
All the more reason why WY will likely raise the dividend soon (#msg-133375551).
One would hope WY could earn more than $24 million in the next couple of quarters with all the lumber that will be needed on the rebuild from the damage done by the hurricanes.
WY did not boost the dividend this quarter, but I expect a dividend boost soon, based on the new, higher target for the dividend-payout ratio (#msg-133375531):
https://finance.yahoo.com/news/weyerhaeuser-company-declares-dividend-common-221800846.html
WY 2Q17 CC (edited) transcript:
https://finance.yahoo.com/news/edited-transcript-wy-earnings-conference-205656513.html
WY boosts dividend-payout target from 75% of FFO to 85% of FFO. This makes an actual dividend increase in the near future very likely, although no such increase has yet been announced.
WY 2Q17 results:
http://investor.weyerhaeuser.com/2017-07-28-Weyerhaeuser-reports-second-quarter-results
CC slides:
http://investor.weyerhaeuser.com/download/WY+Q2+2017+Earnings+Webcast+Slides+072817.pdf
Supplementary financial tables:
http://investor.weyerhaeuser.com/download/WY+Q2+2017+Earnings+financials+072817.pdf
US home-improvement spending at all-time high:
https://www.wsj.com/articles/americans-pour-record-sums-into-home-improvements-1500975001
Many of the improvements involve additions that contain lumber or other wood products.
WY slides from NAREIT webcast today:
http://investor.weyerhaeuser.com/download/FINAL+REITWeek+2017+conf+060617.pdf
WY sells Uraguay timberlands for $403M in cash:
https://finance.yahoo.com/news/weyerhaeuser-sell-uruguay-timberlands-manufacturing-095500443.html
After this sale closes, WY’s timberlands will be entirely in the US.
Former PCL CEO, Rick Holley sold $6.3M of stock this week under a 10b5-1 plan:
https://www.sec.gov/Archives/edgar/data/106535/000122520817007986/xslF345X03/doc4.xml
I have no complaint. Holley is over 65 and has earned his payday, IMO. He still owns approximately $20M of WY stock.
Lumber prices are headed higher, says Barron’s: #msg-129866772.
WY slides from RJ webcast today:
http://investor.weyerhaeuser.com/download/Raymond+James+Conference+030817.pdf
WY projects 2017 US housing starts of 1.25-1.3M, +7-11% vs the 2016 actual figure of 1.17M.
WY 4Q16 items…
PR:
http://investor.weyerhaeuser.com/2017-02-03-Weyerhaeuser-reports-fourth-quarter-full-year-results
CC slides:
http://investor.weyerhaeuser.com/download/WY+2016+Q4+Earnings+webcast+Slides.pdf
Financial tables:
http://investor.weyerhaeuser.com/download/WY+2016+Q4+Financials+Package.pdf
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