Equities

Plum Creek Completes First Phase of $150 Million Montana Timber Sale

Posted on December 23, 2008 by Eric OKeefe

The nation’s large private landowner – Plum Creek Timber (NYSE:PCL) – took the initial step towards completing the sale of an estimated 130,000 acres of Montana forestlands last week. In the first step of a three phase plan, the company received…

Timberland Outperforms the S&P 500?

Posted on November 19, 2008 by Eric OKeefe

That’s one of the conclusions from this report that ran online at Forbes.com a few weeks ago titled Cut Down Portfolio Risk With Timber. I had fully expected the author, Robert Stammers, to be a shill for an organization tied to the…

Tagged with: Eric O'Keefe, Forbes, Robert Stammers, Timber
Posted in Equities, Eric OKeefe, Feature, News Desk, Timber, Topics

America’s Largest Landowner Bucks Down Market

Posted on October 28, 2008 by Eric OKeefe

On Monday, Plum Creek Timber Company (NYSE:PCL) reported a 17 percent increase in third quarter earnings to $69 million on revenues of $414 million compared to year-ago earnings of $59 million on revenues of $407 million. At 40 cents a…

Tagged with: PCL, Plum Creek, Rick Holley
Posted in Equities, Eric OKeefe, Feature, News Desk, Topics

CAT Makes It 300 in a Row

Posted on October 21, 2008 by Eric OKeefe

In the midst of a mounting avalanche of bad economic news, I thought it worth singling out one company with strong ties to the land that continues to shine. Earlier this month, Caterpillar announced that it was paying a quarterly dividend…

Tagged with: CAT, Caterpillar
Posted in Equities, Eric OKeefe, Feature, Midwest, News Desk, Regional News, Topics

JOE Nixes $130 Million Sale

Posted on October 14, 2008 by Eric OKeefe

Earlier today Florida’s largest private landowner, The St. Joe Company, announced the cancellation of a major transaction: 67,365 acres for more than $130 million ($1,929 per acre). The St. Joe Company (NYSE: JOE) today said that the previously announced contract for…

Tagged with: Britt Greene, Florida, JOE, St. Joe
Posted in Equities, Eric OKeefe, Feature, News Desk, Recreation, Regional News, Residential Property, South, Timber, Topics

How to Invest in Land (Without Living on It)

Posted on August 1, 2007 by Land Report Editors

Whether you own a quarter-acre urban lot or a 40,000-acre ranch, your love of the land comes from the moment you pick up a handful of ground and watch the dirt fall through your fingers, knowing that it’s yours–all yours.…