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Plum Creek Timber (NYSE: PCL), one of the largest private timberland owners in the U.S., is down some 10.5% over the past month, which is well above the 2.5% pullback in the S&P 500. Now appears to be a great time to buy this market-leading timber REIT.
Plum Creek is one of the largest private owners of timberland in the U.S., owning some 6.6 million acres of timberland in 19 states and offering investors an impressive 3.9% dividend yield.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.