George Fisher
Utilities, industrials, newsletter provider, value

Pope Resources: Time To Take Profits In This Timber MLP

Pope Resources (NASDAQ:POPE) is one of the smaller players in the timber field. With a market capitalization of $300 million and $42 million in debt, POPE is dwarfed by the likes of Weyerhaeuser (NYSE:WY) with an enterprise value of $18.5 billion, Plum Creek Timber with an enterprise value of $10.0 billion, and Rayonier (NYSE:RYN) with an enterprise value of $7.5 billion.

Chico Escuela, a Dominican Republic baseball pitcher of the late 70s who played for the Chicago Cubs and NY Mets, has been rumored to say recently, "Pope Resources has been berry, berry good to me." Most investors in POPE would agree with his sentiment. As outlined below in the next several charts, POPE...

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