Timber

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Thumbnail image for Stock Market Advantage Sell Signal
By April 29, 2013

The Tactical Timing System has generated a sell signal. To comply with the system the following positions will be sold today. The proceeds will be placed in money market assets while awaiting the introduction of Vanguard’s new international bond ETFs [link]. Position (Symbol) BT Group (BT) Exxon Mobil (XOM) Marathon ...

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Thumbnail image for Notes from Jeremy Grantham’s Latest Letter
By February 15, 2013

Long-time market tactician and observer Jeremy Grantham, of the money management firm Grantham Mayo Van Otterloo (GMO), released his typically long quarterly letter last week. Like his last letter [link] Grantham expounds on the factors which will lead to the world growing at a much slower pace than experienced in ...

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Jeremy Grantham: The Market is Gloriously Inefficient
By February 26, 2012

Jeremy Grantham has released his latest investment letter which he dubs, “The Longest Quarterly Letter Ever.”  In it, he blends philosophy with sage investment observations.  It is definitely one of the superior reads in the world of investing. Grantham opines early on, The market is gloriously inefficient and wanders far ...

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Thumbnail image for Timber May Be the Best Investment
By June 21, 2011

Robert Smith, writing for Oregon Business, highlights the attributes of timber as an investment class.   Smith points out that worldwide demand, especially from Asian countries, is contributing to pricing power for wood products derived from timber.  Smith states, “Worldwide demand for softwood lumber rose 18% in 2010, continuing a trend that started in early ...

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A Look at Weyerhaeuser
By May 11, 2011

CNBC took a somewhat misleading look at the past and future of Weyerhaeuser (WY), a holding in the SMA portfolio. The commentator, Brian Sullivan, claimed WY was one of the worst performing stocks in the S&P 500 over the past 52 weeks. This may appear to be true given a ...

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By October 2, 2009

Daniel Rohr, CFA, provides some interesting insights into the fundamentals behind timber, which Jeremy Grantham and several large college endowments have popularized as an asset class. Rohr examines the history and future of timber in a well-written and enlightening article. More than 90% of U. S. homes use wood-framed walls ...

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By September 12, 2009

John Hechinger has written an article for the Wall Street Journal entitled, “Harvard, Yale Are Big Losers in ‘The Game’ of Investing.” By utilizing exotic thinly traded investments these ivy league schools suffered 30% losses in the year ending June 30, 2009. However, their long term results are still the ...

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By August 10, 2009

Andrew Barry at Barron’s has written an article about the likely overpricing of timberland. Timber became popular with investors of university endowments over the past decade; also, Jeremy Grantham has focused attention on this once-underappreciated asset class. It seems probable that many have piled into timber at the wrong time ...

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