Turkey Defence and Security Report Q3 2013
- Language: English
- Published: May 2013
Abstract
The ratings on Rayonier Inc. reflect the company's diverse portfolio of value-added products, good geographic diversity, valuable timberland holdings, solid free cash flow levels, and management's commitment to maintaining a moderate financial policy. The rating also reflects cyclical end markets, some exposure to volatile commodity prices, and a high dividend payout ratio. Rayonier manages timberland (the company owns, leases, or manages about 2.5 million acres) as a real estate investment trust (REIT); sells real estate; produces high-value specialty cellulose fibers; and trades logs. Standard & Poor's Ratings Services believes the company's earnings and operating cash flow should remain more stable than those of most other forest products companies because of its mix of pulp and wood products, its focus on...
Companies mentioned in this report are: Rayonier Inc.
Action: Review
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Rayonier Inc.
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |