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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
Little upside for Weyerhaeuser Co $WY investors prior to earnings Friday:
Upside Analysis
As expected, 100% of WY’s $1.24/sh distributions during 2016 are taxable as LT capital gains:
http://finance.yahoo.com/news/weyerhaeuser-announces-tax-treatment-2016-211500571.html
I'm not a chartist :- )
Dew, you see a reverse H&S pattern or some other here?
Dividend increase in 2017 all but assured, IMO: #msg-127211243.
WY dividend boost is in sight, IMO: #msg-126929500.
New corporate slide deck for investor presentations:
https://www.sec.gov/Archives/edgar/data/106535/000010653516000086/finalsept2016investormee.htm
US home remodeling at all-time high: #msg-124675805.
Don't think it means anything in particular. Holley is 66, semi-retired, and is cashing in some chips after a long career.
Former PCL CEO Rick Holley recently sold nearly half his WY shares for $19.8. million on Jul 26. Could be significant...
http://www.tradecalls.org/2016/08/courier-capital-corp-lowers-stake-in-weyerhaeuser-co-wy-353907/
Holley sold 608,000 shares of Weyerhaeuser stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $32.55, for a total transaction of $19,790,400.00. Following the completion of the transaction, the director now directly owns 696,488 shares in the company, valued at $22,670,684.40.
WY repurchased $1.7B of stock during 2Q16 at an average cost of $29.18/sh.
WY sells final piece of cellulose business for $285M in cash:
http://finance.yahoo.com/news/weyerhaeuser-sell-liquid-packaging-board-000000994.html
This divestiture leaves WY with two operating segments: timberlands and wood products; at least 2/3 of the operating income will come from timberlands.
WY new corporate slide deck:
https://www.sec.gov/Archives/edgar/data/106535/000010653516000068/finaljune2016investormee.htm
Looks like a simple housekeeping item pertaining to PCL's JV with MWV. Regards, Dew
====ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The disclosure included above under “Item 1.01. Entry into a Material Definitive Agreement” is incorporated herein by reference. ====
Hello Dew,
I was wondering if you get a minute, you might be able to clarify this Item 2.03 in today's 8k?
Item 9.xx had to do with pcl's debt business, but I am clueless about this off-balance sheet mention???????
Not a big deal if you don't get a chance, if you don't believe in management you likely shouldn't be in a serious stock anyway....very happy with the pcl-now wy stock I accumulated.
Thanks and hope you are doing well.
WY sells pulp business to IP for $2.2B: #msg-122335831.
US housing starts strong in February: #msg-121247815.
Thanks for info.
T
WY slides from today’s Citi webcast:
http://investor.weyerhaeuser.com/download/WY+Citi+Conference+031516.pdf
What you posted about PCL on 7/6/13 (#msg-89676844):
R
Hi Dew Diligence : See you made it from Pcl to WY. Good now I see that you wised up a bit, Came over to WY.
Did you remember what I said that made you switch Co. I wrote way back in 7/06/13 on investors hub PLC.
That hopefully someouther Co. Would take over this mess . RRR.
The 2015 10-K has been filed:
http://www.sec.gov/Archives/edgar/data/106535/000010653516000046/wy-123115x10k.htm
PCL and WY shareholders approve merger: #msg-120511557.
WY 4Q15 CC tomorrow 10am ET:
http://investor.weyerhaeuser.com/events-and-presentations?item=56
November housing starts reach 1.173M: #msg-119212654.
Bullish WY piece from Barron’s: #msg-118367338.
WY-PCL merger is almost certain to be consummated: #msg-118360229.
Following the merger, WY's timber harvest will continue to be >50% from sawlogs (higher value) and <50% from pulpwood (lower value).
WY will maintain $1.24 annual dividend payout post-merger and expects to grow the dividend aggressively in the next few years, according to today's CC.
WY seeks divestiture of cellulose-fibers business:
http://finance.yahoo.com/news/weyerhaeuser-explore-strategic-alternatives-cellulose-200200755.html
WY, PCL announce $23B all-stock merger: #msg-118340929.
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