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S&P 500: 1,351.68 Change: +0.14%
pjgenot
P&P Score: 4.73 | Points: -37.71 | Accuracy: 67.86 | Average Pick Score: 18.98   Annual Return: N/A  
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Commentary
BUY: WEYERHAEUSER CO (WY) Rating: 1
Start Price: $56.93
Points: -73.08
Created: 09/05/2008
Please Note: I use www.zackselite.com for my company profile and stock research.

Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate related activities. Its business segments are timberlands; wood products; pulp, paper and packaging; and real estate and related assets.

Although WY is a resource company, I really like it as an energy company. WY is working with Chevron in a joint-venture called Catchlight Energy. Catchlight is developing next-generation renewable cellulose-based transportation fuels. Unlike making ethanol from corn or sugarcane, Catchlight relies on non-food fiber sources.

Currently trading at much less than it's 52-week high of $78.00, this looks like a good time to pick-up a great company at a decent price. Although it doesn't affect my P&P score, WY also pays a nice 4.7% dividend.

2 Comment(s):

Author pjgenot     Date 2010-02-04 22:49:43
Keeping WY at HOLD for the time being. I still anticipate a nice long-term return on this stock.
Author pjgenot     Date 2010-04-05 20:36:24
Still a HOLD. I'm disappointed that this stock has yet to hit it's previous 52-week high...but I'm still going to be patient.
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