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This is the third in a series related to Forisk’s Q1 2016 forest industry analysis and timber price forecasts for the United States. Each quarter, we look back and evaluate the performance of previous forecasts and earlier models. How did more…
This is the first in a series related to Forisk’s Q1 2016 forest industry analysis and timber price forecasts for the United States. Each quarter when updating our Forisk Research Quarterly (FRQ) forecast models, we revisit prior projections and review more…
Timberland investors often use timber REIT dividend yields and U.S. Treasuries as inputs, proxies or reference points for discount rates applied to valuation models. In the case of Treasuries, 2016 opened with the 10-Year and 30-Year at 2.24% and 2.98%. more…
Timber REIT shares suffered with the S&P 500 during two weeks of bubble-bursting activity to open 2016. Through January 15th, the S&P dropped 8% while the public timber REITs scored as follows: CatchMark (CTT): -1.5% Plum Creek (PCL): -13.5% Potlatch more…
December 2015 included multiple global confabs and ripples in the space-time continuum. In Los Angeles, “Star Wars: The Force Awakens” opened. The movie had a record opening weekend, bringing in $248 million in North America alone. In Paris, a United more…
The timber REIT sector tumbled in 2015. The Forisk Timber REIT (FTR) Index fell -9.3% for the year, while the S&P 500 essentially flatlined at -0.7% over the same period. Of the five public timber REIT equities – CatchMark Timber more…
This post summarizes Forisk research from 2015 assessing pulpwood markets and the relative competitiveness of the pulp and paper sector in the U.S. South. Phone rings. Timberland investor asks, “Hey, is the pulp sector in the U.S. South at risk?” more…
This is the fourth in a series related to Forisk’s Q4 2015 forest industry analysis and timber price forecasts for North America. Localizing the capacity of softwood sawmills to consume wood translates into robust estimates of regional and national capacity. more…
If the proposed merger of the two largest public timber REITs, Plum Creek (PCL) and Weyerhaeuser (WY), does anything, it reminds us of the relative insignificance of timber firms to the REIT sector generally and the stock market overall. Currently, more…
This is the third in a series related to Forisk’s Q4 2015 forest industry analysis and timber price forecasts for the North America. In British Columbia, the law refers to logs as “unmanufactured timber.” The phrase speaks to untapped value more…