The Rising Influence of Rising Affluence

[DewDiligence]

PCL posts solid 1Q13 results (although quarter-by-quarter details hardly matter in PCL’s business):

http://finance.yahoo.com/news/plum-creek-reports-results-first-200500944.html

Plum Creek Timber Company, Inc. today announced first quarter earnings of $56 million, or $0.35 per diluted share, on revenues of $340 million.

… “The financial performance of each of our business segments improved compared to the first quarter of 2012. We’re on-track to grow our non-real estate adjusted EBITDA by $50 million this year. Our first quarter growth in this area was $12 million,” said Rick Holley, chief executive officer.

“Earnings and cash flow from our timber resources and manufacturing segments are rising and we’re expecting good follow-through in these trends for the remainder of the year.”

… the company expects 2013 income to be between $1.25 and $1.50 per share. The company expects to report second quarter income between $0.20 and $0.25 per share.

The US housing recovery is well underway and PCL’s trees keep growing.

My fair-value estimate of $53+/sh made in 2009 (#msg-43004163) no longer seems far-fetched, LOL.