Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Plum Creek Timber Co. Inc.
Former type
Public
Traded as NYSE: PCL
S&P 500 Component
Industry Real estate investment trust
Fate Merger with Weyerhaeuser
Founded 1989
Defunct 2016
Headquarters Seattle, Washington, United States
Key people
Rick R. Holley (CEO)
Revenue Increase$1.48 billion USD (FY 2014)
Operating income
Increase$322 million USD (FY 2014)
Net income
Steady$214 million USD (FY 2014)
Number of employees
1,300 (2014)
Website http://www.plumcreek.com

Plum Creek Timber Company, Inc. was a timberland owner and manager, as well as a forest products, mineral extraction, and property development company. It was headquartered in Suite 3100 at 601 Union Street in Seattle.

Plum Creek was spun off from Burlington Resources as a master limited partnership (MLP) on June 8, 1989. Burlington Resources was created from the Burlington Northern railroad's natural resources holdings in 1988. Plum Creek Timber is heir to some of the 47 million acres (19,000,000 ha) of timberland originally granted by the federal government to the Northern Pacific Railway in the 1860s, and most of Burlington's lands were originally purchased, or otherwise acquired as timberland. The MLP converted to a real estate investment trust on July 1, 1999 in order to obtain tax and accounting advantages available to real estate developers.

Plum Creek Timber produces a line of softwood lumber products, including common and select boards, studs, edge-glued boards, and finger-jointed studs. These products are targeted to domestic lumber retailers, such as retail home centers, for use in repair and remodeling projects. These products are also sold to stocking distributors for use in home construction. The company also does mineral extraction, natural gas production, and deals with communication and transportation rights of way. As of December 31, 2014, the company owned and managed approximately 6.58 million acres (2,660,000 ha) of timber lands in 19 states, as well as owned and operated five wood product conversion facilities in the northwest U.S.

On November 8, 2015, it was announced that Plum Creek would be bought by Seattle-based Weyerhaeuser for $8.4 billion, forming the largest private owner of timberland in the United States. The transaction closed on February 19th, 2016.

In late 1999, Congress approved a land swap involving more than 42,000 acres (17,000 ha) of forest land in the Cascade Mountains. In the deal, Plum Creek gave up 31,000 acres (13,000 ha) of land, much of it along Interstate 90 east of Seattle, in exchange for 11,500 acres (4,700 ha) in Federal lands. Plum Creek had warned the U.S. Government that it would log the land should the deal not go through. The federal government also had to pay $4.3 million as part of the deal.

In 2008, Senator Max Baucus arranged for appropriations in the 2008 Farm Bill to be used to purchase 310,000 acres (130,000 ha) of Plum Creek land in Montana. This project became known as the Montana Legacy Project.

There is some controversy over the management of Plum Creek's timberland, mostly from environmental groups who decry the recent move from Plum Creek as a timber management company into a developer of its land, taking advantage of the much more profitable land values that have occurred for undeveloped land in the late 1990s until the crash in real estate prices. Plum Creek is engaged in a proposal for a large resort and development tract in the Northern Maine Woods, on Moosehead Lake by Greenville, Maine, one of the largest undeveloped forests east of the Mississippi River.

This follows on the heels of their development of managed land in Washington state (Suncadia) and Montana (Moonlight Basin, Yellowstone Club) into costly resorts, bringing golf courses and luxury housing into the deep forests. The debate pits conservation groups trying to balance recreation and protection, and the effects of sprawl and overdevelopment upon wildlife, quality of life, and the employment of local populations who depend in part on the hunting, fishing and tourist trades which may be damaged by the overdevelopment of the area.

Plum Creek states that they follow three principles, Replanting, Protecting Water Quality, and Managing Wildlife Habitat. Every year Plum Creek replants approximately 85 million seedlings and plans for the natural regeneration of millions of trees. Close to 2,000,000 acres (810,000 ha) of land owned by Plum Creek are a part of four habitat conservation plans across the country and in Montana are involved in a conservation agreement for the grizzly bear.

In 2001, Plum Creek at their Medium Density Fiberboard facility completed the installation of a biofilter, a new air emission treatment technology. This technology uses naturally occurring bacteria to destroy air pollutants that are generated in the wood fiber drying and pressing processes. The technology doesn’t burn natural gas like most treatment systems do to destroy pollutants.

They are also currently working on a Plum Creek Moosehead development. According to an environmental group, the Native Forest Network (NFN), if approved by the Land Use Regulation Commission, Plum Creek’s plan would increase Maine’s total carbon emissions by nearly 8%.

Investment goal date:
Dividends reinvested
Plum Creek Timber Co. Inc. PCL report Q4 2015
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q2 2016
2016-07-28
--
--
Q1 2016
2016-04-25
--
--
Q4 2015
2016-02-03
0.2300
0.1900
Q3 2015
2015-10-26
0.5800
0.5800
Q2 2015
2015-07-27
0.1200
0.1200
Q1 2015
2015-04-27
0.2400
0.2400
Q4 2014
2015-01-26
0.3800
0.3900
Q3 2014
2014-10-27
0.3400
0.3400
Q2 2014
2014-07-28
0.3100
0.3100
Q1 2014
2014-04-28
0.1700
0.1700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BAIRD ROBERT W & CO INC /WI/
148221
BOSTON PRIVATE BANK & TRUST CO
18765
CITY NATIONAL BANK
42367
Good Harbor Financial, LLC
113577
GUARDIAN INVESTOR SERVICES LLC
1223
GW CAPITAL INC
102220
HABERER REGISTERED INVESTMENT ADVISOR INC
2100
Index Management Solutions, LLC
514
Keel Point Advisors, LLC
9800
Laidlaw Group, LLC
82289
NEW ENGLAND SECURITIES CORP /MA/
500
PEG CAPITAL MANAGEMENT INC /NH/
117775
Placemark Investments, Inc.
22507
TRIANGLE PEAK PARTNERS, LP
17054
VTL Associates, LLC
10968
Major Shareholders
Name Relationship
Total Shares
Holding stocks
TOBIAS STEPHEN C
0.0100% (11001)
PCL /
FITZMAURICE JOAN K
0.0100% (22719)
PCL /
REED THOMAS M
0.0200% (31595)
PCL /
% ()