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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ernest K Brandt who wrote (3810)	2/15/2010 10:22:11 PM
From: Steve Felix	Respond to of 34328

Found it in case anyone wants to see it. __________________________________________________________ HUDSON: Let me correct the ticker symbol -- CAJ as we just saw on that chart. Another pick back home in the United States is a forest products company, RYN the ticker symbol for Rayonier. What do you like about this one? EVERETT: They have a division called performance fibers. It's a real estate and paper, timber company. It has a division called Performance Fibers that has had record earnings. It's a wonderful business which makes the fluff pulp product that goes into cigarette filters and the like and some hygiene products, a wonderful story. It's sort of a growth option on a really good paper company. HUDSON: So you're getting the whole thing there, the hard assets as well. EVERETT: You're getting the whole thing with a 5 percent dividend yield and I would argue in our work the stock is as much as 50 percent undervalued if you were to take it out and look at it on a private market value base. HUDSON: Of the three that you mentioned, any disclosures to make, ownership positions? EVERETT: We own all three. We like all three in our fund. pbs.org