The slowdown in China's economic growth may not be the only reason behind a rapid decline of U.S. lumber exports as well as a big drop in shares of timber REITs like PCH and PCL and forest product firms such as WY. Another reason: U.S. wood, whose prices are up 27% YTD, is no longer a bargain, which could mean a better year for the timber business than investors suspect.
The slowdown in China's economic growth may not be the only reason behind a rapid decline of...
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