Word: timbered
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Dates: during 2000-2009
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...From the timber harvests of North America and Scandinavia, the giants of the industry--led by International Paper of Stamford, Conn. (2002 total sales: $25 billion); Georgia-Pacific of Atlanta ($23.3 billion); Weyerhaeuser of Tacoma, Wash. ($18.5 billion); Svenska Cellulosa Aktiebolaget SCA of Stockholm ($10 billion); and Smurfit-Stone Container of Chicago ($8.2 billion)--churn out millions of tons of linerboard and corrugated. A box can be small enough to hold a wedding ring or large enough for jet skis (4 ft. by 4 ft. by 4 ft. is the maximum, however). The U.S. leads the world in box manufacturing...
Although HMC President Jack E. Meyer said he could not comment on the reported deal, he said that timber investments are not unusual for Harvard...
...think [timber investments] have an attractive rate of real return and are good diversifiers. The returns won’t be precisely like those of any other asset class,” Meyer said...
Meyer said that while schools like Princeton and Yale also invest in timber, Harvard has “more timber investments than most,” representing about 7.5 percent of total investments...
...Harvard does in fact buy the land at its speculated value of $500 million, the purchase would add 2.6 percentage points to the timber investment share...