[O/T PCL]—The wood pellets shipped to biomass utilities come from tree tops and small twigs that are useless for lumber and uneconomic for pulpwood used in the manufacture of paper and fiberboard. This pellet product, although small in economic terms, really is new upside for PCL.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”