Rayonier is Out of the Woods
This month's (July '07) Smart Money has a good article about Rayonier. I like southern REITs, and I don't think we have enough REITs based in the South. Anyway, this positive article details how Rayonier is selling land once used for timber production.
According the article, Rayonier sold 6,600 acres for eight times the purchase price. As a result of these one-time sales, analysts think the Rayonier share price has the potential to surge.
I disagree that this approach to profit generation is a good decision. No only is the approach short-term, I feel that we are sacrificing timber production that our country needs. I’m much more confident with US based companies like Rayonier and International Paper managing forests than shifting this service and likewise our dependency to other countries such as Brazil or China.
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Jul.07.2007. 21:23
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