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WY independent director bought ~$1M of stock on the open market on 8/26/24, roughly doubling his position size:
https://www.sec.gov/Archives/edgar/data/106535/000095017024101126/xslF345X05/ownership.xml
WY acquires ~84K acres of Alabama timberland for $244M (~$2900/acre):
https://investor.weyerhaeuser.com/2024-07-25-Weyerhaeuser-Acquiring-High-Quality-Timberlands-in-Alabama
Great short time! PT $25! Terrible earnings and worse outlook! Sad to sell but it shows where we’re going!
WY expects $100M annual_revenue_from_selling carbon offsets, starting in 2025:
https://www.wsj.com/articles/weyerhaeuser-logging-carbon-emissions-offset-market-environment-76850c01
WY reports 4Q22 results—issues 1Q23 guidance:
https://finance.yahoo.com/news/weyerhaeuser-reports-fourth-quarter-full-214500048.html
WY pre-announced in October that 4Q22 would be a rough quarter (#msg-170308481).
WY declares $0.90/sh supplemental dividend—bringing total 2022-related dividend payouts to $1.62 ($0.90 + 4x$0.18):
https://finance.yahoo.com/news/weyerhaeuser-company-declares-supplemental-dividend-220000320.html
At the current share price ($33.95), the $1.62 payout is a yield of 4.8%.
The $1.62 figure is a sharp decline from the $2.63 WY paid out for 2021-related dividends (#msg-167671544). The lower payout reflects the company’s weaker profits in 2022 vs 2021, especially in the fourth quarter (#msg-171046615).
WY is no PCL:
PCL, which was a pure-play timberlands company, was a fine inflation hedge. On the other hand, WY (which acquired PCL in an all-stock deal in 2015) is no such thing. In 1Q22, only 15% of WY’s EBITDA came from its timberlands segment. The remaining 85% of 1Q22 EBITDA came from: lumber and other manufactured wood products (77%); and real-estate/energy (7%).
For the trailing four quarters (i.e. 2Q21-1Q22), the EBITDA breakdown was essentially the same as in 1Q22: timberlands 16%; lumber and manufactured wood products (77%); and real-estate/energy (7%).
See slide #23 at: https://investor.weyerhaeuser.com/download/WY+Q1+2022+Earnings+web+slides.pdf
All told, WY is a essentially a taxable manufacturing company that is structured as an REIT at the parent-company level. As such, it’s more of a bet on the US housing market than a timber-based inflation hedge.
WY declares supplemental dividend of $1.45—bringing 12-month cumulative dividend to $2.63:
https://investor.weyerhaeuser.com/2022-01-28-Weyerhaeuser-Company-Declares-Supplemental-Dividend-on-Common-Shares
--
4Q21 PR:
https://investor.weyerhaeuser.com/2022-01-28-Weyerhaeuser-Reports-Fourth-Quarter,-Record-Full-Year-Results
CC slides:
https://investor.weyerhaeuser.com/download/WY+Q4+2021+Earnings+Web+Slides.pdf
You might want to consider real money!
That be a head and shoulders!
https://finviz.com/futures_charts.ashx?t=LB&p=m1
Big haircut coming to housing! Buy some scuba gear!
Short the homebuilders!
Lumber prices have risen 50% since August, and 2 experts say the resurgence will continue through early 2022
https://markets.businessinsider.com/news/commodities/lumber-price-outlook-renovation-home-wood-supply-canadian-log-wood-2021-10
WY Investor Day slides:
https://www.sec.gov/Archives/edgar/data/106535/000156459021048527/wy-ex991_19.htm
Lumber prices are up 395% from their pandemic lows:
Red-hot lumber prices may cool housing boom:
https://www.foxbusiness.com/economy/lumber-prices-housing-market-impact
Gordon Gekko forgot to add Lumber and Farmland to his portfolio:
adding WY to my "safe as cash" stock portfolio
WY 3Q20 items—reinstates_dividend_at_(lower)_annualized rate of $0.68…
The previously announced (non-cash) charge against earnings for damage from Oregon wildfires was $80M pre-tax.
PR:
http://investor.weyerhaeuser.com/2020-10-30-Weyerhaeuser-Reports-Third-Quarter-Results
CC slides:
http://investor.weyerhaeuser.com/download/WY+Q3+2020+Earnings+Web+Slides.pdf
WY will take an unspecified charge against 3Q20 earnings for wildfire damage to the company’s Oregon timberlands:
https://www.sec.gov/ix?doc=/Archives/edgar/data/106535/000156459020046154/wy-8k_20201009.htm
Dividend suspended (eom).
Hi everyone, I just opened a position in WY this week, here's hoping everything goes smoothly here for all us long into the future.
WY implements COVID-19-related cutbacks to manufacturing operations—timberland operations are little changed:
https://www.sec.gov/Archives/edgar/data/106535/000156459020014260/wy-ex991_22.htm
WY issues $750M of 10-year notes @4.19% (YTM):
https://www.sec.gov/Archives/edgar/data/106535/000119312520087011/d905069dfwp.htm
WY new corporate slide set:
https://www.sec.gov/Archives/edgar/data/106535/000156459020007942/wy-ex991_35.htm
WY 4Q19 items…
PR:
http://investor.weyerhaeuser.com/download/WYQ42019EarningsFullRelease.pdf
CC slides:
http://investor.weyerhaeuser.com/download/WY+Q4+2019+Earnings+Slides.pdf
Note: These items were released on 1/31/20.
Clearly, it's not prime acreage.
$600 / AC ?
Toofuzzy
WY monetizes Michigan acreage for $300M:
https://finance.yahoo.com/news/weyerhaeuser-sell-michigan-timberlands-120000726.html
This gives WY more cash to cover the dividend in the near term, which some investors have had angst about.
The 555K acres sold today were about 4.5% of WY’s total timberland holdings.
No reasonable explanation other than someone wanted out in a hurry. Guidance haven't changed. Uncertainty in plant startup and labor contract but those risks were known.
Haven't followed CLW. They look like a miniature IP.
Why the bounceback today from yesterday's big sell-off?
Have you looked at CLW? Boring business but seems like a very excitable shareholder base that can't make up its mind about valuation.
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