Know What Matters When Investing
When I was a kid, my Mom taught me that she would be the most important woman in my life, until I married, at which point my wife would become the most important woman in my life. This guidance, beyond more…
Timber REITs Bounce Back in 2019
This is the fourth in a series related to the Q4 2019 Forisk Research Quarterly’s (FRQ) forest industry analysis and timber price forecasts for North America. Publicly-traded timber investments struggled in 2018. Only direct timber investments generated positive returns in more…
Technology in the Forest Industry: Observations from Pulp and Paper, Part II
This is the second in a series related to the Q4 2019 Forisk Research Quarterly’s (FRQ) forest industry analysis and timber price forecasts for North America. Technology is the application of science or knowledge for practical purposes. Examples of technology more…
U.S. Housing Starts Outlook, Q4 2019 Update
This is the first in a series related to Forisk’s Q4 2019 forest industry analysis and timber price forecasts for the United States. Through September 2019, U.S. housing starts decreased 1.3% year-over-year; single-family starts declined 1.8%, while multifamily starts were more…
Technology in the Forest Industry: Observations from Pulp and Paper, Part I
This is not your Grandma’s pulp mill. Within the forest products industry, the ability to use and leverage technology can distinguish firms within a sector, while clearly separating the ability to generate wealth across sectors. For example, the pulp paper more…
Who is More Important, Your (Forest) Economist or Your (Forest) Operations Manager?
“The future is not something to be predicted, but to be made.” – Professor Nick Montfort in The Future (The MIT Press, 2017) Discussions of inverted yield curves and equity dividend yields purport to clarify the tea leaves of investor intents more…
Forisk Publishes New Research and Market Rankings That Show How Forest Industry Opportunities Vary by Investor Type
Where on the map should investors put capital to work in the U.S. forest industry? New research shows how the answer differs for timberland investors, sawtimber consumers, and users of pulpwood. Forisk’s 2019 North American Forest Market & Industry Rankings scores local more…
Revisiting President Trump and the Price of Timber
Nearly three years ago, after the 2016 US presidential election, we posted “President Trump and the Price of Timber” in response to messages and calls querying the implications of the new administration on the US forest products industry. This week, more…
Cash Yields from Public Timberland Investments
This is the second in a series related to Forisk’s Q3 2019 forest industry analysis and forecasts for the United States and Canada. When reviewing the returns of public timber vehicles, we remind ourselves of the importance of starting price. more…
US Housing Starts Outlook, Q3 2019 Update
This is the first in a series related to Forisk’s Q3 2019 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…