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Sydnee Gatewood
Sydnee Gatewood
Articles (2467) 

First Eagle Global Income Builder Fund Comments on Weyerhaeuser

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April 29, 2020 | About:
Timberland company Weyerhaeuser (NYSE:WY) is an example of what we believe to be a stock whose attractive long-term prospects have been swamped by short-term concerns. Lumber tends to see its best pricing when housing starts pick up, as they did in December and January before momentum was derailed by the coronavirus. While it may be difficult for the company to maintain its dividend in the current environment, we’re pleased the Fund owns the company’s long-duration assets—timberland harvest cycles run more than 25 years—at what we believe to be a discount.

From First Eagle Investment (Trades, Portfolio)'s Global Income Builder Fund first-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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