Rayonier Inc. (RYN-N)

(A Top Pick March 13/18 Down 3%) It came within $0.30 of his $40 target. A 50 day moving average appears as a great trailing stop. Today he would hold, but wants to see it support a $34 stop.

(A Past Top Pick on March 13, 2018, Up 2%) Wish he had bought it. It's definitely rising against the grain of the market. He'll buy it this week.

Lumber and forest products company. Large company had a nice consolidation for 10 months. He is seeing a momentum breakout now. It is just starting to break out so he sees potential and is planning a buying program for this. If the stock drops, he will begin reducing at $33 and be out at $31. At the upside, he thinks the stock can go to $40. (Analysts’ price target is 32.00$)

This is more into specialty fibres. Has lowered his target price from $52 to $37 because of a tax-free spin out of a division. Had a decent run over the last 3-4 years. Because of its REIT structure, it can be volatile.

Have 3 businesses, timber land, real estate and performance pulp. Competitors have dumped pulp on to the market to compete with the specialty fibres that they make. These fibres go into cigarette filters and diapers. Drop in the stock price was really a reflection that this dumping probably will persist for the next 3 years or so. They still have their timberland REIT, which is buying land in New Zealand. Product is shipped directly to China. He is going to Hold because they have been able to execute very well with what they are doing. Timberland situation is not correlated to stocks or bonds and he doesn’t mind bad news in the short term, which will ultimately be better news down the road. 4.3% dividend yield.