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On Sept. 15, $PCL agreed to contribute about 260,000 acres of southern timberlands in exchange for cash of about $420MM and 25% common ownership interest in Twin Creeks Timber, initially valued at about $140MM. The institutional investors agreed to initially contribute cash of about $420MM in exchange for 75% common ownership of Twin Creeks Timber.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.