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Potlatch Corporation (PCH) operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States.
The Resource Management Division manages its timberlands, harvests timber, procures other wood fiber, sells logs and leases land for hunting and other recreational activity.
The Real Estate Division develops and sells land parcels, as well as invests in timberlands. The Wood Products Division manufactures lumber, plywood, and particleboard in Arkansas, Idaho, Michigan, and Minnesota. This segment's products are sold to wholesalers primarily for use in home building and other construction activities.
Shares have formed a bullish "cup and handle" and higher prices are expected for the stock. Shares have a yield of 2.81%
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares. The announcement will come later today and will be the service's "top value pick" for next week.
52-Week Trading Range: $28.02 - $44.51
Last Trade: $44.00
Stop Loss: $41.80
Target Price: $48.40
We are closing PCH at $44.62 after our 30 days time period ended. We only gained 1.62% in the trade. It was disappointing but it was better than a loss!
