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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3198

Monday, 07/25/2011 5:07:31 PM

Monday, July 25, 2011 5:07:31 PM

Post# of 30545
Quantifying the Chinese demand for lumber: Rick Holley, PCL’s CEO, said on today’s CC that exports to China will account for 11% of the entire US lumber market in 2011. For PCL’s own acreage in the Pacific Northwest, China is accounting for 27% (!) of sawlog output.

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

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