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DewDiligence

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DewDiligence

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Re: DewDiligence post# 132

Monday, 04/06/2015 10:02:42 AM

Monday, April 06, 2015 10:02:42 AM

Post# of 172
Investor-Day addendum: Repurchasing shares near the current share price is tantamount to buying an acre of high-output southern Yellow Pine for $1,600—about $200-400 below the current market price for such timber. Hence, PCL plans to engage in such “arbitrage” aggressively.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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