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Often, there is a “better” way to do things. It doesn’t really matter if you put your pants on with the leg left first or the right, but it is easier to put your pants on before your shoes. Early in more…
Forisk’s Annual “Wood Flows & Cash Flows” Conference will happen virtually on Thursday, August 25th. In addition to covering financial issues related to timberland investments, stress on the forest industry supply chain, and projected forest industry capacity by sector across North America, the event more…
Regional forest industry fundamentals are known by those in the business. The moving of softwood lumber capacity across North America from Western Canada and the Northwest to the U.S. South, changes in timberland ownership, and factors driving pulp fiber costs comprise a few. However, the more…
This post is the first in a series related to the Q3 2022 Forisk Research Quarterly (FRQ), which includes forest industry analysis, timber price forecasts, and featured research on southern and Pacific Northwest timber markets. After two scorching years, the temperature more…
According to The Economist[1], “Private equity benefits from a fig leaf of illiquidity,” which covers up for delays when valuing investment assets and obfuscates their true volatility. The inability to confirm value in real-time or robustly quantify risk sounds, to more…
Building products firms continue to add and acquire capacity, and firms are looking forward to the next phase of investment to put additional capital (from higher lumber and plywood prices) to work. Much of the sawmill capacity increases in North more…
2021 Totals Nearly 2.8 million acres of US timberland changed hands in 2021. This represents a 60% increase from 2020 totals. Regionally, most transaction volume was concentrated in the West (45%) and South (38%). The North accounted for the balance more…
When inflation rises, people talk about it. In my calls with forest industry investors and executives, these discussions center on current and future costs, prices, and cash flows. Generally, I observe that inflation increases fear by fogging the crystal ball more…
This post includes data from Forisk’s 2022 North American Timberland Owner & Manager List and the Q2 2022 Forisk Research Quarterly. Forisk marked its seventeenth year of tracking timberland transactions and aggregating timberland owner data. Currently, this tracking includes 319 private organizations in the more…
Markets for alternative, specialized assets – like vintage water pistols, 101-year-old scotch, and drivable Corvairs – must overcome high “search costs” to match suitable, qualified buyers and sellers. The abilities to evaluate, value, and manage such assets comprise a Rubik’s more…