Weyerhaeuser (NYSE:WY)
didn't have the luxury of taking it easy on Father's Day, as the
company announced a slew of transactions that could significantly
reshape this large timberland and wood products REIT.
On balance, the transactions should increase (or at least unlock) value
within the company, and the naming of a high-quality CEO should have
the company in good shape to take advantage of the slowly building
housing recovery. Although Weyerhaeuser is not shockingly cheap, it
still looks like a quality name to consider.
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