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$PCL has formed a JV known as Twin Creeks Timber with several institutional investors to own and sustainably manage a portfolio of U.S. timberlands. The initial portfolio is valued at about $560MM and consists of 260K acres. $PCL is selling about $420MM of timberlands to the JV, and contributing another $140MM for its 25% equity stake in the JV.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.