Making the CUT
There appears to be a reversal underway in some leading timber companies and a related exchange-traded fund. After putting in an impressive performance during the first four months of this year, some of the stronger names in the sector suddenly appear vulnerable.
One of the leaders in the industry, Plum Creek Timber (PCL), missed earnings estimates and lowered fourth-quarter guidance on April 30. This news clearly caught some participants on the wrong side of the trade, as earlier in the day the stock reached its year-to-date high....294 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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