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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (60286)	3/14/2018 9:48:18 AM
From: E_K_S	of 78673

CatchMark Timber Trust, Inc (CTT) doing a secondary @ $12.60/share. CatchMark Announces Pricing of Public Offering of Class A Common StockATLANTA, March 14, 2018 /PRNewswire/ -- CatchMark Timber Trust, Inc. (CatchMark) today has priced its upsized underwritten offering of 5,000,000 shares of its Class A common stock at $12.60 per share. The offering was upsized from the previously announced offering size of 4,500,000 shares of Class A common stock. The offering is expected to close on March 16, 2018, subject to customary closing conditions Made a small Buy to add to other shares purchased earlier this year. The value proposition are the trees/timber they own in the U.S. that are a sustainable resource w/ average growing period of 7 years. Div ok at 4.3%. Lumber prices pretty low at this point in the cycle. Prices are impacted by recent tariffs too. EKS

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