Plum Creek Timber Co. Inc. (PCL)

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Plum Creek Timber Co. Inc.
999 Third Avenue
Seattle, WA 98104-4096
United States - Map
Phone: 206-467-3600
Fax: 206-467-3600
Web Site: Plum Creek Home Page

DETAILS
Index Membership: S&P 500
Sector: Financial
Industry: REIT - Diversified
Full Time Employees: 1,740


BUSINESS SUMMARY
Plum Creek Timber Company, Inc., a real estate investment trust (REIT), owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company sells its products to wood products retailers, home construction, and industrial customers. Plum Creek Timber Company also focuses on mineral extraction; and natural gas production, communication, and transportation. As of December 31, 2008, it operated approximately 7.4 million acres of timberlands in the northwest, southern, and northeast United States, and owned and operated 10 wood product conversion facilities in the northwest United States. The company has elected to be treated as a REIT under sections 856-860 of the United States Internal Revenue Code of 1986. As a REIT, it would not be subject to the federal income tax, provided it distributes at least 90% of the taxable income to its shareholders. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington.
PCL: Profile for PLUM CREEK TIM REIT - Yahoo! Finance

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Plum Creek Timber profit plunges 72%

Plum Creek Timber profit plunges 72% - MarketWatch

SAN FRANCISCO (MarketWatch) -- Plum Creek Timber Co. /quotes/comstock/13*!pcl/quotes/nls/pcl (PCL 32.95, +0.19, +0.58%) , hurt by a prolonged slump in the construction sector and its own downsizing costs, reported late Monday third-quarter net income fell to $19 million, or 12 cents a share, from $69 million, or 40 cents a share, in the year-ago period. Revenue for the three months ended Sept. 30 fell 29% to $294 million from $414 million. Analysts polled by FactSet Research had predicted the lumber and land company would post sales of $285 million. Plum Creek shares closed ahead of the report with a 35-cent loss at $32.76. The stock is up 4.5% over the past 12 months