Friday, April 30, 2010

Plum Creek Gets Pruned

I wrote the following on Plum Creek (PCL), one of my favorite REITs and a stock I wish I had just held on to instead of sold a long time ago...
http://stocks.investopedia.com/stock-analysis/2010/Plum-Creek-Gets-Pruned-PCL-WY-RYN-IP-NP0430.aspx

Memo to Plum Creek Timber (NYSE:PCL) management - in the future, try not to post earnings on the same day that western Europe appears to be melting down into the financial Stone Age. 

That would be the most logical explanation to this writer, as to why the stock is down nearly 8% (as of Tuesday's close), on earnings that were at least acceptable. Still, whenever the stock of a high-quality company goes down more than it should in the absence of truly bad news, I get a little interested.  

For the rest, click on through: 
http://stocks.investopedia.com/stock-analysis/2010/Plum-Creek-Gets-Pruned-PCL-WY-RYN-IP-NP0430.aspx

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