(PCL) Quote

The year was 2012 , and I said plum creek lumber co would be no more. R . Now listin , do you hear that ? Do you see it? The once was Plumcreek mills are shouting down. Just like I said no more steem in the boilers . They are snuffed out. WY. Wants them down too. The good men are all gone now. No way to bring them back. Where is that Mighty Bissmark , The Hood, The Titanic ? And now the flag ship of "The Leaders Of All Inviermental Industry's " Just a memory. Yep. A WORD TO THE WISE MAN. Take the blind fold off , no your hands are not tied up or down jump up and walk the plank and jump out of this burning out of control mess. Now Know This,if you find this post you have done your Dew Dillegence. I'm thinking Abou October 30, 2016 in there somewhere WY. Stock Will be $25.00 then soon to $19.00 $19.50 that's what about what it would have been right now had Plucreek was still in control . No one can know this for sure but based on what we know in the past this is close . PS Managment might be able to row this ship if they FIRE ALL OF Plumcreek old management teem . That's why plumcreek is nonexistent to day there manament teem is a canser.

The year was 2012 , and I said plum creek lumber co would be no more. R . Now listin , do you hear that ? Do you see it? The once was Plumcreek mills are shouting down. Just like I said no more steem in the boilers . They are snuffed out. WY. Wants them down too. The good men are all gone now. No way to bring them back. Where is that Mighty Bissmark , The Hood, The Titanic ? And now the flag ship of "The Leaders Of All Inviermental Industry's " Just a memory. Yep. A WORD TO THE WISE MAN. Take the blind fold off , no your hands are not tied up or down jump up and walk the plank and jump out of this burning out of control mess. Now Know This,if you find this post you have done your Dew Dillegence. I'm thinking Abou October 30, 2016 in there somewhere WY. Stock Will be $25.00 then soon to $19.00 $19.50 that's what about what it would have been right now had Plucreek was still in control . No one can know this for sure but based on what we know in the past this is close . PS Managment might be able to row this ship if they FIRE ALL OF Plumcreek old management teem . That's why plumcreek is nonexistent to day there manament teem is a canser.

WY-PCL merger closes:

http://finance.yahoo.com/news/weyerhaeuser-completes-merger-plum-creek-213100875.html

Each share of PCL has been converted into 1.6 shares of WY; the conversion is non-taxable.

Plum Creek ($PCL) announced that its shareholders approved its proposed acquisition by Weyerhaeuser (WY).

PCL and WY shareholders approve merger: #msg-120511557.

WY 4Q15 CC slides &PR: #msg-120332245.

PCL reports 4Q15 results:

http://www.sec.gov/Archives/edgar/data/849213/000084921316000134/exhibit99120151231.htm

No CC due to pending merger with WY. Shareholder votes on the merger by both companies will be tallied on 2/12/16. (I voted for.)

WY reports 4Q15 results on 2/5/16 before the open and is holding a CC at 10am ET.

Re: Tax treatment of dividends in 2015 and beyond

All $1.76/sh of PCL’s 2015 dividends are treated as long-term capital gains (as expected):

http://finance.yahoo.com/news/plum-creek-announces-tax-treatment-212000498.html

The 100% LTCG treatment of dividends is expected to continue after the merger with WY, according to SEC filings for the merger.

3-year history of WY-PCL merger discussions:

http://www.sec.gov/Archives/edgar/data/849213/000119312515414898/d97854ddefm14a.htm#tx75536_59 (p53-62)

November housing starts reach 1.173M: #msg-119212654.

PCL is trading very close to—but slightly below—1.6 times the share price of WYE, which is the exchange ratio in the all-stock merger. (As I’m typing, PCL is @50.74 and WY is @32.16, so the ratio right now is 1.578.)

There’s close to a zero chance of another company making a better offer, IMO.

I do have confidence in the management team and BoD of the combined company: PCL’s Tom Lindquist will become head of real estate, 5 of the 13 directors will come from PCL, and PCL’s CEO, Rick Holley will become Chairman of the Board.

Although the post-merger WY will not be quite as safe a stock as PCL, I would submit that any company who derives most of its profit from timberlands is still one of the safest places you can put your money in these uncertain times. If you’re not comfortable holding your entire position, I would suggest keeping at least the majority of it as a long-term core holding. Regards, Dew

Hello Dew, First a direct Thank You from my sister, who cried when she got the list, one of the nyc names jived with what she had heard from her son In law, so she was sold to go there. She got to spend time with her grandson while there so she was almost singing when I spoke to her. no more melanoma, at least not big enough to show up on pet scans or their hi end ultra sounds, in any more than that first lymph node, that's now out, so the approach is just wait and see with pretty constant monitoring for now. She is relieved that she finally made a decision on how to go from here, and really liked the nyc doctors, very professional and in depth.

The Boston Symphony Director once sent his kid to be taught music under my sis at Hacstien, (sp?) school of music, many years ago, so she is not exactly easily pleased.....ha.

But on to PCL, Aren't we above the takeover price at this point? My brother also owns some and we were talking about the taxes via selling vs. what we thought would be an untaxable event of the two combining. Could there be folks who think another suiter might come along? I thought it was pretty much a done deal at this point.

And finally, do you have much faith, of knowledge, of the "new" management team of the combined company?

Hope you are doing well,
Thanks again from our family,

Bullish WY piece from Barron’s: #msg-118367338.

WY-PCL merger is almost certain to be consummated: #msg-118360229.

Following the merger, WY's timber harvest will be >50% from sawlogs (higher value) and <50% from pulpwood (lower value). PCL's current harvest is about 40% sawlogs and 60% pulpwood.

WY-PCL CC slides:

http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUyMTE3NTh8Q2hpbGRJRD02MDIwNTI=

Musings on the WY-PCL merger: #msg-118344045.

Weyerhaeuser and Plum Creek to merge

Under the terms of the agreement...Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each share of Plum Creek held. This fixed exchange ratio represents an implied premium of 13.8% to the 30-trading-day Volume Weighted Average Price ratio of Plum Creek shares to Weyerhaeuser shares.

http://phx.corporate-ir.net/phoenix.zhtml?c=68740&p=irol-newsArticle_print&ID=2110195

Weyerhaeuser and Plum Creek to merge, creating the world's premier timber, land and forest products company
Combination of two industry leaders to create a $23 billion timber REIT with more than 13 million acres of the most productive and diverse timberland in the U.S.
All-stock transaction followed by $2.5 billion post-closing share repurchase
Total annual cost synergies of $100 million
Funds Available for Distribution per share accretion in the first full year
Rick R. Holley to be non-executive chairman; Doyle R. Simons to be president and CEO
Weyerhaeuser to review strategic alternatives for its Cellulose Fibers business, as announced in a separate news release today
Weyerhaeuser Company (NYSE: WY) and Plum Creek (NYSE: PCL) today announced they have entered into a definitive agreement to create the world's premier timber, land and forest products company with more than 13 million acres of the most productive and diverse timberland in the U.S. At closing, the combined company is expected to have an equity value of $23 billion based on current share prices. The combined EBITDA for both companies in 2014 was $2.2 billion.

Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each share of Plum Creek held. This fixed exchange ratio represents an implied premium of 13.8% to the 30-trading-day Volume Weighted Average Price ratio of Plum Creek shares to Weyerhaeuser shares. Following closing, Weyerhaeuser and Plum Creek shareholders will own approximately 65% and 35%, respectively, of the combined company's common stock. Weyerhaeuser intends to execute a $2.5 billion share repurchase shortly after closing. The repurchase will result in a net financial impact on the company that is as if the deal were structured with approximately 70% stock and 30% cash. The combined company expects to maintain Weyerhaeuser's current annual dividend of $1.24 per common share, representing a 13% dividend increase to the dividend currently received by Plum Creek shareholders.

"With an extraordinary set of combined assets and the proven value creation records of both Weyerhaeuser and Plum Creek, the combined company will offer a compelling opportunity for shareholders," said Rick R. Holley, chief executive officer for Plum Creek. "These two companies are already best-in-class timberland managers with a relentless focus on sustainable resource management. The breadth and diversity of our combined land and timber assets uniquely position the new company to capitalize fully on the improving housing market, continue to capture Higher and Better Use land values across the combined portfolio, and create additional opportunities to build lasting value. Doyle Simons and I share a commitment to disciplined capital allocation and sustained value creation, and I look forward to working together as we build a great new company."

"We're excited to combine the two leaders in our industry to create the world's premier timber, land and forest products company," said Doyle R. Simons, president and chief executive officer of Weyerhaeuser. "This new company will create tremendous benefit for shareholders as we drive value through shared best practices, economies of scale, cost synergies, operational excellence and disciplined capital allocation. Our customers and employees will also benefit as we form a winning team with common values and unparalleled expertise in timber, land and manufacturing. I have the utmost respect for Rick Holley and the Plum Creek team and look forward to working together to successfully integrate these two outstanding companies."

The merger of Weyerhaeuser and Plum Creek creates a winning combination with:

The largest private ownership of timberland in the U.S.
More than 13 million acres of diverse, productive forests
The ability to drive performance through shared best practices and economies of scale
A unique ability to capitalize on the housing recovery
Significant Higher and Better Use potential across the combined portfolio
A best-in-class management team
A recognized commitment to sustainable resource management
Low-cost manufacturing assets
A strong balance sheet and a commitment to an investment grade credit rating
Anticipated annual cost synergies of $100 million
Accretion to per-share Funds Available for Distribution in the first full year following closing
An attractive dividend
A disciplined approach to capital allocation
Rick Holley will serve as non-executive chairman of Weyerhaeuser's board, which will be expanded to 13 directors. Eight directors will be from Weyerhaeuser (including Simons) and five directors will be from Plum Creek (including Holley).

Doyle Simons will serve as president and CEO of the combined company. Upon closing, the executive team will include:

Rhonda Hunter, Senior Vice President, Timberlands
Tom Lindquist, Executive Vice President, Real Estate, Energy & Natural Resources
Adrian Blocker, Senior Vice President, Wood Products
Russell Hagen, Senior Vice President, Chief Financial Officer
Devin Stockfish, Senior Vice President, General Counsel & Corporate Secretary
Denise Merle, Senior Vice President, Human Resources
Tim Punke, Senior Vice President, Corporate Affairs
"We've drawn from the best talent in each company to select a leadership team with unmatched expertise in the industry," said Simons. "I'm confident these are the right leaders to take best practices from both companies to achieve our targets, serve our customers, and drive shareholder value over the long term."

The transaction requires the approval of shareholders of both Weyerhaeuser and Plum Creek and is subject to customary closing conditions. The transaction is expected to close in late first quarter or early second quarter of 2016. The combined company will retain the Weyerhaeuser name and continue to be traded under the WY ticker symbol on the New York Stock Exchange. As previously announced, Weyerhaeuser intends to move its headquarters to Seattle in mid-2016.

In a separate news release, Weyerhaeuser announced that its board of directors has authorized the exploration of strategic alternatives for its Cellulose Fibers business. Cathy Slater will continue to lead this business as senior vice president of Cellulose Fibers throughout the review process.

For Weyerhaeuser, Morgan Stanley & Co. LLC is serving as financial advisor and Cravath, Swaine & Moore LLP is serving as legal counsel.

Goldman Sachs is serving as lead financial advisor to Plum Creek. BofA Merrill Lynch is also serving as a financial advisor to the company. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.

Conference Call
The management of both companies will hold a joint conference call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on Monday, Nov. 9, 2015, to discuss the announcement. To access the live webcast and presentation online go to www.weyerhaeuser.com or www.plumcreek.com on Nov. 9. To join the conference call from within North America, dial (877) 296-9413 (access code – 78061007) at least 15 minutes prior to the call. Those calling from outside North America should dial (706) 679-2458 (access code – 78061007). Replays will be available for one week at (855) 859-2056 (access code – 78061007) from within North America and at (404) 537-3406 (access code – 78061007) from outside North America.

About Weyerhaeuser

Weyerhaeuser Company began operations in 1900 and is one of the world's largest private owners of timberlands. It owns or controls nearly 7 million acres of timberlands, primarily in the U.S., and manages additional timberlands under long-term licenses in Canada. The company manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood and cellulose fibers products. The company is a real estate investment trust. In 2014, its continuing operations generated $7.4 billion in sales and employed approximately 12,800 people who serve customers worldwide. Weyerhaeuser is listed on the Dow Jones World Sustainability Index and its common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

About Plum Creek

Plum Creek is among the largest and most geographically diverse private landowners in the nation with more than 6 million acres of timberlands in 19 states. The company also operates wood products mills in the Northwest. Plum Creek manages its working forests using sustainable practices to benefit its many stakeholders. Plum Creek employees work together to create shareholder value, serve as stewards of the environment, make wood products for everyday use, and build strong communities. The company is a real estate investment trust. Please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.plumcreek.com&esheet=51184453&newsitemid=20150918005827&lan=en-US&anchor=www.plumcreek.com&index=1&md5=725c8570755b4cfd839d674906d6e668 for the latest information about Plum Creek.

FORWARD-LOOKING STATEMENTS
This communication contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, with respect to Weyerhaeuser's and Plum Creek's future results and performance, the expected benefits of the proposed transaction such as efficiencies, cost savings and growth potential and the expected timing of the completion of the transaction, all of which are subject to risks and uncertainties. Factors listed below, as well as other factors, may cause actual results to differ significantly from these forward-looking statements. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. If any of the events occur, there is no guarantee what effect they will have on company operations or financial condition. Neither Weyerhaeuser nor Plum Creek will update these forward-looking statements after the date of this communication.

Some forward-looking statements discuss Weyerhaeuser's and Plum Creek's plans, strategies, expectations and intentions. They use words such as "expects," "may," "will," "believes," "should," "approximately," "anticipates," "estimates," and "plans." In addition, these words may use the positive or negative or other variations of those and similar words.

Major risks, uncertainties and assumptions that affect Weyerhaeuser's and Plum Creek's businesses and may cause actual results to differ materially from those expressed or implied in these forward-looking statements, including, without limitation, the failure to receive, on a timely basis or otherwise, the required approval of Weyerhaeuser's shareholders or Plum Creek's stockholders with respect to the proposed transaction; the risk that any of the conditions to closing of the proposed transaction may not be satisfied; the risk that the businesses of Weyerhaeuser and Plum Creek will not be integrated successfully; the effect of general economic conditions, including employment rates, housing starts, interest rate levels, availability of financing for home mortgages, and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; performance of our manufacturing operations, including maintenance requirements; the level of competition from domestic and foreign producers; the successful execution of internal performance plans, including restructurings and cost reduction initiatives; raw material prices; energy prices; the effect of weather; the risk of loss from fires, floods, windstorms, hurricanes, pest infestation and other natural disasters; transportation availability and costs; federal tax policies; the effect of forestry, land use, environmental and other governmental regulations; legal proceedings; performance of pension fund investments and related derivatives; the effect of timing of retirements and changes in the market price of company stock on charges for stock-based compensation; changes in accounting principles; and other factors described in Weyerhaeuser's and Plum Creek's filings with the SEC, including the "Risk Factors" section in Weyerhaeuser's and Plum Creek's respective annual reports on Form 10-K for the year ended December 31, 2014.

NO OFFER OR SOLICITATION

This communication is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

The proposed transaction involving Weyerhaeuser and Plum Creek will be submitted to Weyerhaeuser's shareholders and Plum Creek's stockholders for their consideration. In connection with the proposed transaction, Weyerhaeuser intends to file with the SEC a registration statement on Form S-4 (the "Registration Statement"), which will include a prospectus with respect to Weyerhaeuser's common shares to be issued in the proposed transaction and a joint proxy statement for Weyerhaeuser's shareholders and Plum Creek's stockholders (the "Joint Proxy Statement") and each of Weyerhaeuser and Plum Creek will mail the Joint Proxy Statement to their respective shareholders or stockholders, as applicable, and file other documents regarding the proposed transaction with the SEC. SECURITY HOLDERS ARE URGED AND ADVISED TO READ ALL RELEVANT MATERIALS FILED WITH THE SEC, INCLUDING THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT, CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. The Registration Statement, the Joint Proxy Statement and other relevant materials (when they become available) and any other documents filed or furnished by Weyerhaeuser or Plum Creek with the SEC may be obtained free of charge at the SEC's web site at www.sec.gov. In addition, security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement from Weyerhaeuser upon written request to Weyerhaeuser Company, 33663 Weyerhaeuser Way South, Federal Way, Washington 98003, Attention: Director, Investor Relations, or by calling (253) 924-2058, or from Plum Creek upon written request to Plum Creek, 601 Union Street, Suite 3100, Seattle Washington 98101, Attention: Investor Relations, or by calling (800) 858-5347.

PARTICIPANTS IN THE SOLICITATION

Weyerhaeuser, Plum Creek, their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about Weyerhaeuser's directors and executive officers is set forth in its definitive proxy statement for its 2015 Annual Meeting of Shareholders, which was filed with the SEC on April 1, 2015, and information about Plum Creek's directors and executive officers is set forth in its definitive proxy statement for its 2015 Annual Meeting of Stockholders, which was filed with the SEC on March 26, 2015. These documents are available free of charge from the sources indicated above, and from Weyerhaeuser by going to its investor relations page on its corporate web site at www.weyerhaeuser.com and from Plum Creek by going to its investor relations page on its corporate web site at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.plumcreek.com&esheet=51184453&newsitemid=20150918005827&lan=en-US&anchor=www.plumcreek.com&index=1&md5=725c8570755b4cfd839d674906d6e668.

Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the Registration Statement, the Joint Proxy Statement and other relevant materials Weyerhaeuser and Plum Creek intend to file with the SEC.



Weyerhaeuser Contacts

Analysts & Investors: Beth Baum, 253-924-3815

Financial Media: Dan Katcher, 212-355-4449

Regional Media: Anthony Chavez, 253-924-7148

Plum Creek Contacts

Analysts & Investors: John Hobbs, 206-467-3628

Regional Media: Kathy Budinick, 206-467-3620

PCL’s own 2016 forecast is 1.25M starts—see #msg-118004826.

Housing forecasts 2016.
http://www.calculatedriskblog.com/2015/11/2016-preliminary-housing-forecasts.html?m=1

Many Thanks -- EOM

As far as I know, PCL's timberlands that are being transferred to the JV will retain the same balance-sheet cost basis that they had on P&L own balance sheet.

Note that timberlands are carried on PCL's balance sheet in one of two ways: a) timberlands that were owned by Georgia Pacific's spin-off (a/k/a The Timber Company) prior to the 2001 merger with Plum Creek are carried at their original historical cost; and b) timberlands that were owned by Plum Creek prior to the 2001 merger are carried at their 2001 fair market value as of the date of the merger.

Hello Dew, Hope you are doing well.

I am wondering if you can clear something up in my old foggy mind with this news?

Does this joint venture allow PCL to "write off" from their current balance sheet, the funds that go into the partnership, thereby allowing only upside to be reported from any gains within the partnership down the road, as it will already basically have been "written off?"

Thanks for any help.

Take Care.

3Q15 share repurchases (from #msg-118004826) were $50M at an average price of $39.20. $200M remains on the outstanding repurchase authorization.

Update on Twin Creeks JV (from #msg-118004826): During the third quarter of 2015, the company announced it had formed a joint venture with several institutional investors to own and sustainably manage a portfolio of U.S. timberlands. The joint venture, Twin Creeks Timber, LLC, will provide the institutional investors an opportunity to co-invest in timberlands currently owned by Plum Creek and to purchase other high quality timberlands on the open market.*

The initial portfolio, valued at approximately $560 million ($2,150 per acre), will consist of 260,000 acres of Southern U.S. timberland located in five states and will be sourced from Plum Creek timberlands in the region.

In January 2016, Plum Creek will sell timberlands valued at approximately $420 million to Twin Creeks for cash, and contribute timberlands valued at approximately $140 million for a 25 percent equity interest in the joint venture. The venture is expected to begin operations in January 2016.

“The formation of Twin Creeks is an exciting opportunity for Plum Creek. We’ve structured the venture to align the interests of both our institutional investor partners and Plum Creek,” continued Holley. “The transaction confirms the value of our Southern timberland portfolio, preserves our market presence and economies of scale, creates a platform for future growth, and sources capital that can be used to benefit our long-term shareholders.” *On today’s CC, PCL disclosed that potential timberland purchases of <$200M will be offered to the JV, while potential timberland purchases of ≥$200 will be handled by PCL outside of the JV.

From 3Q15 PR (#msg-118004826): Adjusted EBITDA for the first nine months of 2015 was $472 million, higher than the $389 million in the same period of 2014. The growth in adjusted EBITDA is largely the result of the timing of Real Estate activity during 2015.

PCL 3Q15 financial supplement:

http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUyMDY0MjV8Q2hpbGRJRD01OTg5Njk=

PCL reports 3Q15 results—forecasts 1.25 US housing starts in 2016:

#msg-118004826

US homebuilders most optimistic in 10 years: #msg-117841030.

PCL sells 98K non-core acres of Florida timberland for $120M in cash:

http://finance.yahoo.com/news/plum-creek-completes-sale-southern-202500472.html While these lands have been well-managed, the significant hardwood component of the property didn’t fit well with [PCL’s] broader Southern timberland portfolio. I.e. PCL's southern forests are predominantly softwood.

Thanks for update, I was able to get some under 40, finally, after a year or so or waiting to get more. Then I thought I watched it Tuesday at 37.xx, and then just noticed it back over 40. I had no clue why they had jumped, (for them,) by such a large margin in just a couple days. It is appreciated.

Take Care.

PCL creates JV with private investors, selling 260K acres at $2,150/acre:

#msg-117000780
#msg-117015942

US housing starts at 8-year high: #msg-116314771.

HI, SC. I don’t think Michele Goldberg’s addition to the BoD signals anything in particular. PCL’s business model is well established and pretty easy to understand, so the best additions to the BoD (IMO) are people who have business smarts in a general sense. Regards, Dew

New VC Board Member

Hello DewD, Long time it seems since our last "talk," but I was wondering what your view is on this latest board member announcement is? It's the new members background in VC that I am curious about. New purchases to be vetted perhaps?

Hope you are doing well, I have been on the "dark side," mostly short, this past year or two, staying in pretty tight trading range in trading account due to some lucky longs to prop up losing shorts.....ha. still have decent bit of pcl as a slowly, to be added to, long, but no real opportunities below 40 in what seems like a long time. Take Care and hope you and yours are well.

News release about board member in part here:

http://ih.advfn.com/p.php?pid=nmona&article=68072082&symbol=PCL


====Michelle Goldberg to Join Plum Creek Board of Directors

SEATTLE - Plum Creek Timber Company, Inc. (NYSE:PCL) announced today that Michelle J. Goldberg has joined the company’s board of directors. Goldberg is a Partner at the venture capital firm Ignition Partners in Bellevue, Washington. She serves as an advisor to many emerging growth companies and sits on several for-profit and not-for-profit boards. She was named 40 under 40, one of the Top 100 Most Influential Women in Technology by the Puget Sound Business Journal, and is a Crown Fellow of The Aspen Institute.

"Michelle’s extensive background as a venture capital investor and business advisor makes her a valuable addition to the board," said Rick Holley, chief executive officer. "With her wealth of investment experience and financial acumen, she will bring an important perspective and we are pleased to welcome her to our board."

Goldberg earned a Bachelor of Arts degree in East Asian Studies from Columbia University and a Master of Arts and Sciences degree in Regional Studies - East Asia from Harvard University======

PCL reports 2Q15 results and outlook: #msg-115728207.

PCL reports 1Q15 results:

http://finance.yahoo.com/news/plum-creek-reports-results-first-200300037.html

In-line with prior guidance and no material change in the overall outlook.

1Q15 CC tentatively scheduled for 4/27/15.

Investor-Day addendum: Repurchasing shares near the current share price is tantamount to buying an acre of high-output southern Yellow Pine for $1,600—about $200-400 below the current market price for such timber. Hence, PCL plans to engage in such “arbitrage” aggressively.

Factoid: Average annual US timber exports to China consume the amount of wood used in 250-500K US housing starts.

PCL Investor Day slides (106 pages):

http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUxNTYzODR8Q2hpbGRJRD01NzQ4NTA=

PCL’s 4Q14 results and 2015 outlook: #msg-110266476.

Bullish info on December housing starts: #msg-110145201.

Barron’s profiles Rick Holley: #msg-109804978.

CEO Rick Holley voluntarily gave back $1.8M of restricted stock: #msg-109031936.

PCL—trying to figure out how long to hold it this time around.Consider holding it forever (unless there’s a major change in the business, which seems unlikely).

got back into pcl in the 30's and trying to figure out how long to hold it this time around. sold in low 50's last time around if fuzzy memory serves, but I love this stock, and its div., so it is harder than most for me to sell.....

way off topic.....just got my house tax bill here in South Carolina. the way they do homeowners tax here in our county is to assume that you are an "away" owner and they bill you about triple what of the "live in" rate is. many years ago I did not know this and paid the higher tax once or twice, again if fuzzy memory serves as this was many years ago. then one day a neighbor started talking about his taxes and I realized that his were about 1/3 of mine and we had the same floor plan in the same development. long story short, the state does not tell you to come down with a utility bill and prove you are actually residing in the home, they assume, and bill you, like you do not, but once done once, I have never had to repeat it, even moving within the county. now the tax bill arrives with the lower figure, and a notation of what it would have been for an "away" owner.....real low taxes here, but they do charge "personal property taxes" on cars, boats, that kind of thing to make up some of the difference. I think my home taxes are about 1/6 of a new york state home, (not nyc,) and the cars add a few hundred each to that..........

thanks for letting me rant but I still kick myself at not catching the "tax issue" all those years ago, ha.

hope you are doing well.

Musings on 3Q14 results and US housing starts in 2015: #msg-107588163.

Sep 2014 US housing starts were 1.02M: #msg-107319812.

US exurbs begin housing comeback: #msg-106412826.