
TSE:ADN
Lumber. Prices have gone haywire but in the last month or so they have fallen off with the rest of the commodities. Lumber prices are going to track US housing starts. He can see lumber prices staying high for a long time. His preference is Acadian Timber (AND-T) as he feels it is a safer play. Owns 2,000,000 plus acres of timber land in the US and Canada. Pays a wonderful dividend of 5.9%. If lumber prices stay above $350, it is possible to see a dividend increase by the end of the year.
Pure timber producer. Pays a nice dividend yield (6.14%) and owns a lot of timber land and should benefit from the housing recovery in the US.