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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: Companies In The leading Industry
Date: Mon, 26 Oct 92 13:29:30 EST
Message-ID: <12.1992Oct26.132931@AmeriCast.com>



TITLE Companies In The leading Industry #m#gm#m#Rayonier Timber-
lands Lifts Woods Products The Building Product - Wood group has
been trading in a tight range for the past six months, consoli-
dating gains from a powerful rally early this year.  Thanks to
increased wood prices, the 13-stock group as of Thursday was up
41.5% since Jan. 1. The Standard & Poor's 500-stock index, by
contrast, slipped 0.5% during that time.

Rayonier Timberlands LP is up more than 60% since Jan. 1. For the
past couple of months, however, the stock has been trading in a
tight range, hovering near a recently established high of 40.
The Stamford, Conn.-based company owns timberlands in Washington,
Georgia, Florida and South Carolina. It has produced four con-
secutive quarters of double-digit growth of at least 18%. Despite
its healthy price and earnings performance, Rayonier has garnered
relatively little institutional support. The stock's float is a
thin 5,000 shares out of a total 20,000 shares.  Louisiana Pacif-
ic Corp. has climbed more than 70% since Jan. 1. On Monday, the
company reported third-quarter earnings of $1.03 a share, or 110%
more than a year earlier. In the previous quarter, earnings rose
50%. Louisiana Pacific, based in Portland, Ore., produces lumber
as well as chips, veneer, windows, doors and pulp for the build-
ing industry.

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