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To: patron_anejo_por_favor who wrote (187617)8/13/2002 6:29:05 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
>>with where interest rates are going<<

HAve you changed your mind here -- I remember you being somewhat bearish on the bonds -- thinking fureigners would sell??



To: patron_anejo_por_favor who wrote (187617)8/13/2002 6:51:38 PM
From: Roads End  Read Replies (2) | Respond to of 436258
 
But, PCL has to sell their timber at a profit. Remember 50% of their timberlands recently came over from GP with a relatively high basis. Much of their profit has come through selling development property into the bubble, not logs.


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