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Wednesday, 02/20/2002

WY - Weyerhauser

Company Description

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. It has offices or operations in 17 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Its business segments include:

Timberlands - The world's largest private owner of merchantable softwood timber.

Wood Products - The world's largest producer of softwood lumber, engineered wood products and hardwood lumber; the world's second-largest producer of structural panels and the second largest North American distributor of wood products.

Pulp, Paper and Packaging - The world's largest producer of softwood market pulp, third-largest producer of containerboard in the United States and one of the largest producers of uncoated free-sheet and corrugated packaging in the United States.

Real Estate and related assets - One of the larger homebuilders in selected markets throughout the United States.

(Source: Tenet Healthcare)

Reasons To Invest

Paper stocks are perking up. The Forest and Paper Products Index ($FPP) has been one of the year's better performers. It's higher by about 3.5 percent so far this year.

The out performance of paper stocks stems from the seemingly low risk associated with the group. While other sectors of the market have been plagued with concerns over accounting and debt levels, the relatively simple business of paper has been attracting bids.

Fundamentally, basic materials companies, such as wood and paper producers, are positioned to benefit from a return of economic growth, which many analysts predict should begin in earnest later this year.

Weyerhauser, one of the biggest producers of paper products, recently closed its acquisition of Willamette Industries. With the merger completed and an economic recovery underway, Weyerhauser should see a return in earnings through next year. The stock pays a healthy dividend which will help to cushion any bumps along the way.

DRIP Information:
Shares to Qualify = 1           Accept Foreign Accounts: Yes
Auto-reinvestment = No          Temper Enrollment Serv:  Yes

Min/Max Investment = $100 to $25,000/quarter

Reinvestment Fees -

Div : 4% to $1.50 
Cash: $5 + Commission
Auto: N/A

Transfer Agent:

Chase Mellon


Industry Group:   Forest & Paper  52-week high=$63.50
Annual Dividend Per Share=  1.60  52-week low =$42.77
Last earnings 01/18   est = 0.02  actual = 0.02
Next earnings 04-15   est = 0.08  versus = 0.61
                                     P/E =   23
Analyst Ratings:
Strong Buy    = 3
Moderate Buy  = 5
Hold          = 5
Moderate Sell = 0
Strong Sell   = 0


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