This change suggests that WY will rely even more on its timberlands segment in the future—i.e. it will more closely resemble PCL and less closely resemble the pre-PCL WY. If the above is true, I consider it bullish insofar as the timberlands business is the reason I bought PCL many years ago (and now own WY).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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