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…
North American Wood Pellet Exports, Q4 2019 Update
This is the sixth in a series related to the Q4 2019 Forisk Research Quarterly’s (FRQ) forest industry analysis and timber price forecasts for North America. Driven by U.S. volumes, North American wood pellet exports increased 13% year-over-year through August, more…
Hurricane Michael: Impacts on Timber Supplies
This is the fifth in a series related to the Q4 2019 Forisk Research Quarterly’s (FRQ) forest industry analysis and timber price forecasts for North America. Hurricane Michael hit the Florida panhandle and southwest Georgia as a category 5 hurricane on 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…
How much longer will pine sawtimber accumulate in the U.S. South?
This is the third in a series related to Forisk’s Q4 2019 forest industry analysis and timber price forecasts for the United States. It contains an excerpt from our feature article on timber supply in the U.S. South co-authored by 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…
Ranking Timber Supply in the South
In forestry, as in every natural resource or commodity-producing sector, excess inventories bleed prices. It’s that simple. The market requires lower prices to unload or workout surplus inventory. And anxious forest owners and disciplined log buyers may also realize that 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…
Ranking Timber Supply in the Pacific Northwest
“Better a diamond with a flaw, than a pebble without” – Confucious No measure is perfect. BMI, EBITDA, OPS+, all of these provide a relatively simple picture of something: weight, earnings, or offensive production. None of them tells the whole more…