Author Topic: VULC - Vulcan International  (Read 15275 times)

writser

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Re: VULC - Vulcan International
« Reply #40 on: November 14, 2019, 06:27:41 AM »
Yeah, it wouldn't really make sense to liquidate the stock portfolio and then hold on for the cash for two more years until you finish selling some real estate. So I also think it is likely they are still holding shares. But then again, who knows. So far I wouldn't call their approach 100% rational and shareholder-friendly ..

FWIW Weyerhaeuser just sold 555k acres of Michigan timberland for ~$300m or $540 / acre. Though the sale was the whole division, personnel including. So I'd guess the bare timberland prices would be lower. ~$500 / acre still seems like a reasonable guess.
« Last Edit: November 14, 2019, 06:29:45 AM by writser »
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