The Rising Influence of Rising Affluence

[DewDiligence]

PCL—I wouldn't consider selling until the low/mid 50's, which is where I previously pegged the fair market value of the company's timberlands (net of balance-sheet offsets): #msg-43004163.

PCL itself has stated that FMV is in the 60's, so my analysis is undoubtedly conservative.

However, by the time such a price were realized, the FMV even by my conservative analysis would be apt to be even higher; hence, for all practical purposes PCL is a stock to be held indefinitely.