The Rising Influence of Rising Affluence

[mr_o]

The cost of inflation and PCL


Dew, As the Fed's talks of tapering heat up how does this impact your view of PCL where a large part of their allure is the dividend + tax rate. In semi - private conversations with an incredibly wise oil man he has warned of the impact of inflation on MLP investments and expects to see a direct inverse correlation between interest rates and MLP prices (based of yield). I expect the same to hold true for PCL. Do you agree with this?

Also where do you see the growth coming from for PCL, an overall increase in the price of timber? I ask because if PCL has a stable but not growing business than a rise in interest rates could have a large effect.

Thanks in advance Dew