Core Thesis - PotlatchDeltic Corporation (PCH) is currently trading at a significant discount (73% of net asset value) due to recent commodity pricing weakness, but the outlook for lumber is improving, suggesting a potential doubling of EBITDA from 2024 levels [3][26]. Supply and Demand Dynamics - The supply of lumber is declining as major producers like Canfor and Interfor are closing mills and reducing output due to low prices and rising tariffs, with North American lumber capacity expected to decrease by over 3 billion board feet in 2024 [5][6][7]. - Demand for lumber is anticipated to increase, driven by a potential uptick in housing activity, as indicated by improved homebuilder confidence and favorable survey results [12][13][14]. Financial Performance and Valuation - PCH's EBITDA is projected to be $223.5 million in 2024, despite current challenges, with the company maintaining a positive EBITDA due to its cost advantages from owning timberlands [8][26]. - The volatility in PCH's EBITDA is notable, with figures ranging from negative $9.5 million in 3Q24 to $652.8 million in 2021, reflecting the cyclical nature of the lumber market [22][23][24]. - PCH's trailing EV/EBITDA is 11.38X, indicating substantial undervaluation compared to the market, especially given the expected recovery in lumber prices [26][27]. Future Catalysts - The upcoming 4Q24 earnings report on January 27th is seen as a potential catalyst for PCH's stock recovery, as the company may report higher-than-expected EBITDA due to recent increases in lumber prices [28][29].

Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that it secured one (1) additional mining claim on the Eastern border adjacent to its existing mineral claims at the PCH project through a public bidding process conducted by the Brazilian National Mining Agency ("Agencia Nacional de Mineração" or "ANM"). The new mining claim (see Map #1) will increase the ...

Potlatch (PCH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings pi ...

Potlatch (PCH) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this timberland owner and wood products company would post earnings of $0.17 per share when it actually produced earnings of $0.17, delivering no surprise. Over the last ...

Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program in the southwest corner of Target IV. The goal of this program is to identify and delineate a possible Rare Earth Elements (REE) highgrade area at depth, identified by previous Reverse Circulation (RC) drilling (See January 16th 2024 Press Release), associated ...

This maker of fencing and decking products is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +11.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Potlatch (PCH) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarter ...

Exhibit 99.1 News Release For immediate release: Contact: Investors Media Wayne Wasechek Anna Torma 509.835.1521 509.835.1558 PotlatchDeltic Corporation Reports Second Quarter 2024 Results SPOKANE, Wash., July 29, 2024 (BUSINESS WIRE) – PotlatchDeltic Corporation (Nasdaq: PCH) today reported net income of $13.7 million, or $0.17 per diluted share, on revenues of $320.7 million for the quarter ended June 30, 2024. Net income was $22.3 million, or $0.28 per diluted share, on revenues of $246.1 million for the ...

REITs are usually thought of as income investments. They pay reliable, high yields, often supported by contractual income. Tradingeconomics That is against an enterprise value of $24B, making it somewhere in the ballpark of a 10% NOI yield. The next decade Circled in yellow above is an accumulated deficit of homes. That decade long stretch of almost no building caused home inventory to fall well below comfortable levels. Eventually, this deficit will be made up. It was starting to happen until mortgage rate ...

Toronto, Ontario--(Newsfile Corp. - June 12, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that, further to its press release dated December 4, 2023, Appia has earned its initial 10% legal and beneficial ownership interest in Appia Brasil Rare Earths Mineracao Ltda (the "Appia Brasil") the Brazilian company that holds the PCH Project (the "Property") located in the Tocantins Structural Province of the Brasíl ...

Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the results from 2 newly identified exploration targets - Electra and Maia. A total of 196 samples from 25 auger drill holes were assayed by SGS-GEOSOL Laboratories in Vespasiano, Brazil. The results confirm again that the regolith developed over the Ipora Granite presented significant enrichment of Heavy Rare Earth Oxi ...