Seeking Alpha: Softer Prices Leading To Underwhelming Results At Weyerhaeuser

Weyerhaeuser (NYSE:WY) and Plum Creek (NYSE:PCL) have yet to see the recovery in timber demand that they need to post compelling earnings and cash flow, and it shows in the stock performance. While both offer decent dividend yields, the shares of both companies are only up about 3% since I last wrote about Weyerhaeuser in August of 2014.

Weyerhaeuser has made good progress with its cost cutting initiatives, but timber and wood product prices just aren't cooperating at this point. Although the near-term earnings prospects for Weyerhaeuser don't argue for this being a must-own stock, I believe the underlying value is more compelling for patient investors.

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Softer Prices Leading To Underwhelming Results At Weyerhaeuser