Investopedia: At Plum Creek Timber, It's Still A Waiting Game
Certain stocks just stubbornly retain value through good times and bad
times - even if that means occasional periods where results aren't so
good and the valuation looks too high. That's great if you're a
long-term holder who already owns shares, but it can be frustrating if
you're on the outside waiting for a good time to buy shares. Conditions
have yet to really improve for Plum Creek Timber (NYSE:PCL), but valuation still doesn't offer much of a bargain for new investors.