|
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World Timber Index (TIMBEX) Tracks Timber, Forest Products and Paper
Stocks
The World
Timber index (TIMBEX) by Dow
Jones Indexes includes the 15 largest (market cap exceeds $500 million)
liquid forestry-related stocks that are engaged in producing wood products,
pulp and paper products or forest land ownership (REITs). TIMBEX is market-cap
weighted with no one component exceeding ten percent.
The index is useful to investors because the components are established
companies with capital gains potential. And many of them pay safe increasing
dividends.
But the lumber and pulp and paper industries are cyclical and so are
the stock prices of forestry-related companies. So before you buy any
of these stocks, be sure to study their price charts. Always buy at the
beginning of price upside and avoid buying at the cyclical tops. And avoid
buying on the downside of the price cycle.
|
TIMBEX Components |
| Company and Web Site |
Stock Symbol |
Major Products |
Pays Dividend |
Headquarters |
| AbitibiBowater |
|
Paper products and pulp. |
No |
Canada |
| Canfor |
|
Forest products. |
No |
Canada |
| China Grand Forestry |
910.HK
|
Timber production and ecological forestry (biomass
energy). |
No |
China |
| Deltec
Timber |
|
Sawtimber and lumber. |
Yes |
U.S. |
| Domtar
|
|
Paper, pulp and forest products. |
No |
Canada |
| Gunns
Limited |
|
Hardwood forest products. |
No |
Australia |
| Holmen |
|
Paper, paperboard and lumber. |
Yes |
Sweden |
| International
Paper |
|
Paper, packaging and wood products. |
Yes |
U.S. |
| Plum
Creek |
|
Timberland real estate investment trust (REIT). |
Yes |
U.S. |
| Rayonier |
|
Timber and pulp. REIT. |
Yes |
England |
| Sappi
|
|
Pulp and paper products. |
Yes |
South Africa |
| Sino-Forest |
|
Timber, wood chips and logs from plantations.
Operates in China. |
No |
Canada |
| Stora
Enso |
|
Paper, packaging and wood products. |
Yes |
Finland |
| UPM-Kymmene |
|
Paper, label materials and wood products. |
Yes |
Finland |
| West
Fraser Timber |
|
Lumber, wood chips, fiberboard, plywood, pulp,
linerboard, kraft paper, and newsprint. |
Yes |
Canada |
| Weyerhaeuser |
|
Paper and selected wood products. |
Yes |
U.S. |
NOTE:
Forest products include logs, lumber, oriented stand board (OSB),
plywood, remanufactured lumber products, wood chips and specialized
wood products. |
For more information about the TIMBEX see TIMBEX
current components by weightings (.pdf file) and TIMBEX
brochure
(.pdf file).
Related Articles:
buyupside.com Articles
About Forestry-Related Stocks
High-Income
Forestry and Paper Stocks
Portfolio of
Paper and Paper Products Stocks
Price
Patterns of Forestry and Paper Stocks
Real Estate Investment Trusts
(REITs) Stocks Pay High Dividends
S&P Global Timber &
Forestry Index Tracks 25 Forestry-Related Companies
Wood Products, Paper Products
and Timber Management Stocks
Updated November 17, 2007.
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